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After losing his primary in May, Rep. Madison Cawthorn (R-NC) now officially identifies himself as a self-employed investor. But if his political investments are any measure, he might consider a new line of work—he’s now down more than half a million dollars.
A pair of unusual campaign finance reports this week reveal that since 2019, Cawthorn has personally invested a total of $817,000 into his campaign, while recovering only $261,000 of that amount.
That leaves him personally in the hole $556,000, more than three times the annual congressional salary of $174,000.