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Newt's Million-Dollar Blunder

Did Tiffany's give Gingrich a sweetheart deal? Or could you too get a $1 million credit line?

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But the Gingriches spent, at a bare minimum, $750,000 on Tiffany pieces. There is the distinct possibility they paid an amount equivalent to the median American's salary just on interest to Tiffany's. That hardly seems frugal.

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Annie Lowrey, formerly Slate’s Moneybox columnist, is economic policy reporter for the New York Times.

Photograph of Newt and Callista Gingrich by Mark Hirsch/Getty Images.