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Walz Owes At Least $75,000 On 3 Credit Cards

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Jun 16, 2008 4:28 pm US/Central

Walz Owes At Least $75,000 On 3 Credit Cards

WASHINGTON (AP) ― Congressman Tim Walz is making decent money these days, but he still owes a lot of money, too.

The freshman Minnesota Democrat and his wife report owing between $75,000 and $165,000 on three credit cards. Those figures are on Walz' latest congressional financial disclosure form, which requires lawmakers to list figures only in broad ranges.

They also owe between $100,000 and $250,000 on a mortgage, and between $50,000 to $100,000 on a line of credit, for a rental unit in Mankato. The rental unit is valued at between $250,000 and $500,000.

Walz' spokeswoman Meredith Salsbery says that the Walzes are not wealthy people. She also notes that Walz did not draw a salary for most of 2006, when he took a leave of absence from his teaching job to run for Congress.

 

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