Sen. Albert Gore Jr.'s suspended Democratic presidential campaign will wind up with an estimated debt of $1.7 million, campaign finance chairman Johnny Hayes said in a report published Sunday.
"We feel we have the commitments from people across the country where we hopefully can get the debt wiped out by the end of the year," Hayes told The Tennessean.Of the $1.7 million Hayes expects the campaign to owe, about $1.4 million will go to banks and $300,000 for expenses like office rentals and other routine campaign services and goods.
"I really feel the $1.7 million is pretty final," Hayes said. "I feel any real shockers would have come in by now."
The Secret Service and reporters still owe the campaign between $70,000 and $80,000 for travel expenses and other accounts receivable, he said, adding the campaign staff has been reduced to about 10 people working mainly on finances.
The campaign raised about $22,000 last week in a Colorado fund-raiser and has other events scheduled.
There have been no contacts with officials from the campaign of Democratic front-runner Massachusetts Gov. Michael Dukakis about helping with Gore's debt, Hayes said.
Dukakis's campaign is nearing the federal ceiling on money it can raise for itself and it is common for winners, when they are able, to help primary rivals retire debts in efforts to unify parties.
Gore suspended his campaign April 21 but will go to this summer's Democratic convention in Atlanta as a candidate. United Press International's latest Democratic delegate count projects Gore has 407.55 delegates. Dukakis is projected to now have 1,137.15 delegates and Jesse Jackson 784.2. Needed to nominate are 2,081 delegates. There are 1,058 delegates yet to be chosen.