Barbara Bush

Newly elected Republican National Committee Chairman Reince Priebus took the job with $23 million in debt and cut a third of the staff he inherited from his predecessor, the controversial and gaffe-prone Michael Steele, the AP writes.

In year-end federal finance reports on Monday, the GOP central committee showed that $2 million of its debt came during Steele's final two weeks as he sought to keep hold of his chairmanship..

Source: http://firstread.msnbc.msn.com/_news/2011/02/01/5966511-gop-watch-the-rncs-real-debt