Tuesday, July 16, 2013

Bachmann nearly pays off presidential campaign debt, spends $175,000 on legal fees

WASHINGTON ? Michele Bachmann's presidential campaign?debt continues to dwindle, and the campaign has begun paying off its legal fees.?

Bachmann paid down more than $100,000 in outstanding debt during the second quarter after transferring $140,000 from her congressional campaign committee. She has $30,000 in debt remaining, most of which is owed to Florida firm Robert Watkins & Co., whose Nancy Watkins serves as the campaign?s treasurer.

New Bachmann for President expenses include nearly $49,000 for legal fees and services paid to D.C. law firm Patton Boggs. Her congressional campaign sent the firm an additional $120,000. The firm represents Bachmann and her presidential campaign and has helped her navigate both a now-settled civil suit in Iowa and investigations into the campaign?s spending habits by a handful of organizations, including the FBI and the Federal Elections Commission. The presidential campaign also paid the firm $6,248 for earlier obligations.

Bachmann?s congressional campaign raised $822,000 and has $1.8 million on hand. On May 29, Bachmann announced she will not run for re-election.

Look for our traditional quarterly fundraising round-up sometime Tuesday.

Devin Henry can be reached at dhenry@minnpost.com.

Source: http://feeds.minnpost.com/~r/minnpost/~3/fiZikOLb0OA/bachmann-nearly-pays-presidential-campaign-debt-spends-175000-legal-fees

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