Romney Won't Seek Donations To Repay $45 Million "Loan"
Former Massachusetts Governor Mitt Romney won't try to acquire donations to repay the $45 million in loans he made to his unsuccessful presidential campaign, The Boston Globe reports. Romney intends to send a letter to the Federal Election Committee that explains he will "forgive the outstanding loans."
"Mitt Romney's priority right now is raising money for other Republicans and not trying to recoup the money he put into his own race," Romney spokesman Eric Fehrnstrom told CBSNews.com.
While not unexpected, the move could help heal any remaining wounds from the bruising primary battle Romney had with presumptive GOP nominee John McCain by demonstrating that Romney has no intention of asking McCain to help him recover some of his debt.
"Mitt Romney's priority right now is raising money for other Republicans and not trying to recoup the money he put into his own race," Romney spokesman Eric Fehrnstrom told CBSNews.com.
While not unexpected, the move could help heal any remaining wounds from the bruising primary battle Romney had with presumptive GOP nominee John McCain by demonstrating that Romney has no intention of asking McCain to help him recover some of his debt.
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