Once more than a million dollars in debt, the Republican presidential campaign of former Speaker Newt Gingrich is now swimming in campaign cash !!!

Newt Gingrich’s campaign for the Republican presidential nomination, which has struggled financially for most of the year, says the former House speaker raised $4 million in the first half of the fourth quarter, when he began climbing in the polls.

That’s about $1 million more than Gingrich raised in the first five months of the campaign, when he fell nearly $1.2 million in debt, including $450,000 owed to a private jet company.

The third quarter was by far Gingrich’s worst: He raised just $800,000 and lost more than a dozen staffers who quit en masse in June.

But Herman Cain’s demise has been Gingrich’s gain – and with many Republican voters still unwilling to jump behind Mitt Romney, Gingrich has managed a comeback that is evident not just in poll numbers, but in dollars to his campaign.

“There were days in August when we raised $10,000 overnight and we’d be very excited about it,” Gingrich spokesman R.C. Hammond said in an interview Wednesday. “Now we see $10,000 an hour.”

Still, the campaign will carry some debt into the new year, Hammond said. Read More