Will money trouble sink Newt Gingrich's campaign?

The former House speaker is already running on financial fumes — and now his super PAC patron is reportedly cutting him off

A super PAC aligned with Newt Gingrich has reaped $11 million from Sheldon Adelson's family, but now, the wealthy casino mogul is reportedly cutting Newt off.
(Image credit: David Becker/Getty Images)

The bad news keeps coming for Newt Gingrich. Since his win in South Carolina's primary last month, the former House speaker has been trounced in five states. His campaign, which was down to its last $600,000 before Florida's Jan. 31 vote, has found it increasingly hard to raise cash in the wake of Mitt Romney's landslide win there. And now comes what could be the worst news of all: Billionaire casino mogul Sheldon Adelson, whose family has donated $11 million to the pro-Gingrich Winning Our Future super PAC, has decided to stop sending checks, according to Bloomberg. Will this make it impossible for Gingrich to mount a comeback?

Newt is finished: Sheldon Adelson "rescued Newt Gingrich's campaign in its early days," says Jaywon Choe at Business Insider. Now "he may have just buried it." With Gingrich performing poorly in state after state, Adelson has reportedly met with Mitt Romney, a clear sign he's exploring other options. Even "more alarming" for Newt is that "as money seems to be flooding out" of his camp, it appears to be flowing into his conservative rival Rick Santorum's campaign and super PAC.

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