The former Minnesota governor owed nearly $500,000 last fall after he dropped out of the race for the GOP nomination in August. Pawlenty has also filed papers to officially terminate his campaign committee. He supports Mitt Romney for the Republican nomination to challenge President Barack Obama in November.

That's down from nearly a half-million dollars reported in an earlier campaign finance filing. After dropping out of the race, Minnesota's former Republican governor threw his support behind Mitt Romney, who helped pay down Pawlenty's debt.

The former Minnesota Governor ended his bid for the White House last August after finishing third in the Iowa straw polls. Tim Pawlenty told Fox News "we took it as far as I could with my race and our resources." Pawlenty is now actively supporting Governor Mitt Romney, despite earlier criticism of Romney's healthcare plan.

Tim Pawlenty told Fox News today that he 'won't be considered' for the vice president spot with Mitt Romney, if he wins the GOP nomination. The former governor ended his bid for president in August after coming in third in the Ames Iowa Straw Poll.

A Democratic super PAC has unleashed reams of information on top prospects to be Mitt Romney's running mate, including a 493-page file on former Minnesota Gov. Tim Pawlenty. Romney has said he'll pick someone before the late August GOP convention.

Former Minnesota Governor Tim Pawlenty told ABC that he submitted 'a bunch of' tax returns to Mitt Romney's presidential campaign while being considered as a possible running mate. Pawlenty says he hopes the selection of Rep. Paul Ryan (R-Wisc.) will refocus attention on issues instead of what Pawlenty called 'shiny objects' such as tax returns. Pawlenty called Romney's choice of Ryan 'terrific.'

On Tuesday, Pawlenty's portrait will officially join the 38 other former governor’s likenesses. Pawlenty is also scheduled to give his first, post-race interview in Minnesota since leaving the presidential race in August.

Wisconsin's gubernatorial recall election is two weeks away and the campaigns are in high gear. Former Minnesota Governor Tim Pawlenty joined Republican incumbent Scott Walker in La Crosse Monday. The pair visited a company that makes agricultural equipment to highlight jobs. Democrat Tom Barrett will campaign in Hudson Wednesday.