NEW YORK (CNN) — Democrat Hillary Clinton loaned her presidential campaign $5 million in January, the New York senator said Wednesday.
"I loaned the campaign $5 million dollars from my money," she said at a press conference at her Arlington, Virginia headquarters. "I loaned it because I believe in this campaign and I think the results last night proved the wisdom of my investment."
Earlier Wednesday, Clinton spokesman Howard Wolfson confirmed reports Clinton had lent her campaign money in January, and said "The loan illustrates Sen. Clinton's commitment to this effort and to ensuring that our campaign has the resources it needs to compete and win across this nation."
The news comes days after Barack Obama's campaign announced it had raised $32 million in January alone. Clinton campaign Chairman Terry McAuliffe later said the Clinton campaign raised less than half that in the same period — about $13.5 million. The $5 million Clinton loaned to herself was in addition to the $13.5 million she raised.
In his statement Wednesday, Wolfson also said Clinton's Super Tuesday victories have brought in a fresh wave of campaign cash.
"We have had one of our best fundraising efforts ever on the Web today and our Super Tuesday victories will only help in bringing more support for her candidacy."
According to Clinton's latest Federal Election Commission report, had roughly $18.5 million cash on hand that could be spent during the primary season heading into January’s initial contests.
News of Clinton's loan came the same day the campaign sent out a fundraising e-mail to supporters with the goal of raising $3 million in three days.
"We had a great day yesterday," the e-mail said. "Now we must keep that momentum going. You have sustained me throughout this journey, and I am calling on you again to give our campaign the resources we need to win critical upcoming races."
UPDATE: CNN's Candy Crowley confirms some senior Clinton campaign staff members have agreed to go without pay for a month.
Related: Watch Clinton tout Tuesday's outcome
– CNN's Alexander Mooney and Adam P. Levy
GO HILLARY 08
Maybe Mrs. Hillary should barrow some money from Obama ! haha
"Yes We Can"
Not a big deal for Mrs. Clinton. She performs way better on debates than Oba-Ma. McCain will have a very tough time is she is the candidate, while he can take Oba-Ma pretty easily. Wonder why Oba-Ma camp is not accepting the debates challenge from Clintons camp, are they worried that he might not perform well!
Obama better suited for 2016. I would prefer the next eight years with the Clintons.
Why is she whining? I don't see Romney whining, and he's financed his campaign himself. Too bad Hillarys' supporters are poor, uneduated and senile and can't help her out.
Mabuhay America says "Isn't Britney Spears a phenomenon."
Well so is Martin Luther King, so is Ghandi, so is Nelson Mandela.
See my point, it makes no sense to compare Obama to King, Ghandi or Mandela. Just as it makes no sense to compare him to Britney Spears.
Your point was irrelevant – it made no sense at all.
AJ is right . Look no further than Exelon to see that since 2006 Exelon has contributed over $700,000 to Obama's warchest. This Obama is not what he seems. Do some research people. How can anyone support a candidate that so little is known about? He is deceptive.
I wonder what interest rate Ms. Clinton is charging herself on her loan. Could it be that Hillary ends up making a profit on loaning her campaign money while her staff goes unpaid?
So much for Obama's accusations of Hillary taking donations from lobbyists and big corporations..Looks as though it is Obama who is not only being supported by the $150,000 and up income but it looks as though he is getting some pretty huge chunks from corporations .. Just goes to show you that it is poor people that trust in Hillary.
I forget who said it, but I think the best description of the differences between Obama and Clinton is that "Clinton is running as the anti-Bush; Obama as the un-Bush".
Clinton's politics may be the opposite of Bush, but her APPROACH to politics is the same hard-headed my-way-or-the-highway partisan and divisive approach that we have seen during 8 years of Bush. Obama's approach is fundamentally different, more inclusive and much, much less divisive.
After 4 years of Mrs. Clinton in the white house, all of Washington will despise working with her, and secret back-office deals would dominate our politics.
After 4 years of Obama, there would be LESS animosity in Washington, not more. And the public would know MORE about how their government really worked, not less.
Wake up America!
wow way to unite dems sounds like a united party… beating each other up when the other is down on cash… lol… btw both Hillary and Obama have big Companies behind them…whether you want to call it Pak money or not…lol
Im am a Ron Paul supporter…we invented the money bomb… The $$$ never really got us that far. Im proud to say I never once laughed at Ron's rival Reps who had cash struggles… ie Huckabee and McCain. Sad to see you guys go all Lord of the Flies on each other… guess the Dems are not as united as I thought. Their support of one candidate is based on their "hatred" of the other…
seriously Ive tried posting this 3 times... to no avail...what the f is up w/ you people...
I hope all Hillary supporters will donate to her campaign. I have, and will again. I have never donated to a campaign before and I'm 63 yrs old. I support Hillary because she can look you in the eye when she speaks to you. She has town hall meetings where people can ask her questions. She is not a pulpit politician. She is strong and can take the heat that is yet to come. The issues are very similiar, the only real difference is substance. I don't see any in Obama. He needs someone constantly at his elbow to guide him. Oprah to excite the crowd, for his pulpit speeches. Take away the hype and there is no substance, he is not JFK.
I can't say it's money well spend.. Question: How many more millions of her $$$ does she still have or willing to part with?? If she doesn't get the results she want, is she going to CRY about it???
I love and support Barack Obama and detest the way politics have been.
If Hilary wins the nomination I will vote for McCain.
Why was Bill Clinton in Kazakhstan?
I would like to see a statement as to who gave so generously to Obama.....His big long accusing finger pointing at Hillary about lobbyists and large corporations will probably get broken.
THE ONLY CHANGE POSSIBLE IS WHEN WE SET TERM LIMITS TO THE SENATE AND CONGRESS
OR WE WILL GO ON FOREVER WITH THE SAME OLD $ HIT
IF THEY ARE AN INCUMBENT VOTE THEM OUT
So what? It's her money and she can do what she wants with it.....
Wouldn't this money be better spent on the needy of America?
I am an asian with a WOMAN president. I firmly believe that having a woman
president will unite ALL diversities in this country. as a mother loved her
children is a way WOMAN PRESIDENT would fight for her countrymen. I have
nothing against any candidate but I find it very disturbing that race and
gender issue are brought up during this very important point of your lives.
race and gender does not make any sense at all. it is on your candidate who
will STAND on the REAL ISSUES that are needed to be resolved. God Bless
If America votes for Hillary, could we possibly see Laura Bush take a run for the Whitehouse? If Hillary why not Laura? Let's keep the dynasty going, shall we?
Listen closely to Clinton and Obama sound bites:
Obama uses "We", Clinton, "I".
All that money the Saudi's have been giving Bill, no doubt. And who here still believes the Clinton's are above the special interest groups??
Lend yourself the money? Hmmmm She must not be confident in herself that she will win or she would just give herself the millions. But I guess the idiot will be supported by idiots that will keep giving her money.
IHow can she manage our national budget if she can't manager her own campaign budget? She has again demonstrated poor judgment and decision making. Bad Return on Investment.
Pam uses an appropriate metaphor, "wagon".
It would have not rolled at all if she had not hitched on a guy she knew was going places.