Martin O'Malley

O'Malley campaign took out $500K loan

O'Malley campaign took out $500K loan

Democratic presidential candidate Martin O'Malley took out a $500,000 loan in early December to keep his campaign running, and had less than $200,000 in the bank at the end of the year, according to a campaign finance report filed late Sunday.

The campaign's dire financial picture developed despite assurances O'Malley made last year that his performance in the debates had resulted in a "shot in the arm" for his fundraising.

O'Malley, whose campaign has struggled to gain traction in early nominating states, raised about $1 million in the final three months of 2015, and he spent more than $2.1 million over the same period.

The former Maryland governor...