April 21st, 2008
01:21 PM ET
6 years ago

Clinton's primary campaign begins April in debt

Hillary Clinton began the month with $10 million in debt.
Hillary Clinton began the month with $10 million in debt.

(CNN) – Hillary Clinton began one of the most crucial stretches of her presidential campaign in debt, newly disclosed financial reports show.

According to campaign reports filed with the Federal Election Commission over the weekend, the New York senator began the month of April with close to $32 million cash-on hand. But only $9 million of that total are funds that are able to be spent in the primary races. The report also showed Clinton owes more than $10 million, meaning the Democratic presidential candidate was in the red even before she heavily stepped up television advertising in Pennsylvania.

"The numbers are what they are," Clinton adviser Howard Wolfson said on a conference call with reporters. "The money continues to come in strongly. We had a very good month last month of fundraising…we are continuing to have a good month this month."

We will of course be honoring the debt in the coming weeks and months," he also said.

The newly released reports offer the clearest picture to date of just how much of an advantage Barack Obama holds over Clinton heading into the final stretch of the prolonged Democratic race for the White House.

According to the reports, he began the month with over $42 million to spend during the presidential primaries and only carried around $650,000 in debt. Obama has $52 million cash on hand overall.

As has already been disclosed by both campaigns, Obama more than doubled what Clinton raised in the month of March: $41 million to her $20 million. The Illinois senator's stunning haul brings his presidential fundraising total to date to $235 million - $60 million more than what Clinton has raised in the same time period.

John McCain lagged both Democrats in March fundraising - pulling in $15 million in that time period. He began the month with $11.6 million cash-on-hand and, a debt of just over $700,000. He's raised a total of about $75 million.

The report also shows he gave back nearly $3 million from donors for his general election campaign. This move could indicate he is setting the stage to receive public financing for his campaign - an option that will infuse the Arizona senator with $84 million.

(12:45 p.m.: Updates with Wolfson comments)

soundoff (773 Responses)
  1. EagleNation1961

    "Susan April 21st, 2008 11:22 am ET"

    This really is ridiculous!!! Obama is buying the Democratic nomination!! Where is the leadership of the DNC? Is this what you want America to think – that nominations can be bought? Just think what all that money could do for the poor people and the people who live from paycheck to paycheck in America!!
    ****************************************************************************
    Dear Susan

    how can he be buying the campaign when we the people are funding it. Stop hating and do the right thing. She can not manage her own campaign can't you see that vote for real change or live in the past that's your choose. But now this your job maybe the next job on the NAFTA,CAFTA hit list.say goodbye to it if the Clintons get back in office. Mark Penn did not leave his post becasue he said something bad about Obama he was dismissed for trying to broker a trade deal with Columbia yu knw the one Hillary said she was opposed to hhhmmm????????

    April 21, 2008 12:24 pm at 12:24 pm |
  2. Tyler

    Stick a fork in Hillary's campaign b/c it is DONE! Now we can focus on betting Obama elected and help America achieve its potential.

    April 21, 2008 12:24 pm at 12:24 pm |
  3. keepitreal50

    This is a sign that she is not the candidate that she is touted to be. Hillary has offended alot of people who want to see a clean campaign.

    April 21, 2008 12:24 pm at 12:24 pm |
  4. Pinnochio Clinton

    We need a new PA ad camapign on this...NOW!!!!!!!!!

    April 21, 2008 12:24 pm at 12:24 pm |
  5. hrao

    A candidate for Change? What change? Big money is still running America. Obama is now violating his own promises. Big money – Big government? He is very much a part of the corruption he says he wants to chage. Humbug – Shame on him

    April 21, 2008 12:24 pm at 12:24 pm |
  6. mother too

    agree with JLC, Kentucky.
    Obama claimed such a large money, and he is in debt/ He had more – much more than Hillary, and he is in debt? She obviously handles money wiser way.......

    April 21, 2008 12:24 pm at 12:24 pm |
  7. debragw

    And they will continue to vote for her tomorrow where she is still leading by double digits. Every country gets the leader it deserves and PA will get what they deserve tomorrow, a candidate who can't balance her own budget and manage her campaign!

    April 21, 2008 12:25 pm at 12:25 pm |
  8. Just me

    And she says she can balance the budget???? she can't even keep her campaign finances in the black.

    April 21, 2008 12:25 pm at 12:25 pm |
  9. Linda Esen

    Stop now while you can still save face; Barack will offer you Supreme Court Justice- while it is boring..its more powerfull than being a preseident

    April 21, 2008 12:25 pm at 12:25 pm |
  10. don

    JCL lol
    Do your math again
    9millions(in hands)-10millions (debts)=1million in debts FOR HRC
    42 millions (in hands)-650k (debts)=41350000 millions on hands For BO

    You are having the same problem as the Clintons Campaign, can't do the math lol

    April 21, 2008 12:26 pm at 12:26 pm |
  11. Jane

    A vote for Hillary is a wasted vote. She outsources precious US jobs overseas, cannot manage her own campaign, and is too dense to drop out of the race.

    A vote for Hillary is a wasted vote.

    April 21, 2008 12:26 pm at 12:26 pm |
  12. Jay Shah

    so, who is the stronger candidate??

    Will Hillary supporters finally smarten up, the numbers speak for themselves. Hillary will not be able to raise money for the general if she gets the nomination.

    April 21, 2008 12:26 pm at 12:26 pm |
  13. Phil from PA

    Is it funny Obama cannot win swing states and Bill Richardson cannot manage to get even 4% of Latino vote. How is Obama ever going to win the election? You can spend all the money you want along with total media support,

    That just proves people are a lot smarter and understand all this.

    April 21, 2008 12:28 pm at 12:28 pm |
  14. becky

    JCL, Kentucky: This is what the article said.. Key words here… only carried around… that means it was paid.

    According to the reports, he began the month with over $42 million to spend during the presidential primaries and only carried around $650,000 in debt. Obama has $52 million cash on hand overall.

    April 21, 2008 12:28 pm at 12:28 pm |
  15. yeswewill

    that should show that no matter how much you spend you can't buy the american peoples votes.... we look at the experience.

    April 21, 2008 12:28 pm at 12:28 pm |
  16. Wanted: Unbiased Reporting

    And what if PA chooses her? They are still pulling a cart with a dead horse.

    Thank goodness this is almost over.

    April 21, 2008 12:29 pm at 12:29 pm |
  17. PA for OBAMA!

    Yet another reason to support OBAMA! Hills, it's time to pull out.

    YES WE CAN!!

    OBAMA 2008!

    April 21, 2008 12:29 pm at 12:29 pm |
  18. Michael

    How is Clinton supposed to handle the economy when she can't even keep her campaign in the black. Rule #1: Don't spend more than you have.

    April 21, 2008 12:29 pm at 12:29 pm |
  19. BBonnet

    What's new. Women have always, as a group, made and had less money than men. Also, Obama is lying to us. A large part of that kind of money IS coming from big donors who ARE anticipating a return on their investment. Lastly, to all you Obama girls out there who are experiencing almost unlimited opportunities: Hillary and the women our age went through hell to fight for you. Take care. You do not remember what it was like to live as we did before the women's movement. Some understanding of your hard won rights would be appreciated.

    GO HILLARY – YES WE WILL!!!!!

    April 21, 2008 12:29 pm at 12:29 pm |
  20. Neelam

    This clearly indicates that Clinton would not be able to raise enough money to win McCain in November.

    April 21, 2008 12:29 pm at 12:29 pm |
  21. deep_eye

    This news will be "spun" by the Clintonistas thus –

    "See how hard she is fighting for you? She is going into debt to SAVE you!! Help her now!!!"

    If it were not so funny, it would be sad.

    It is well past time to end this nightmare, unfortunately, I think she will need to be ejected from the convention by armed guards in a few months. This nut job is going nowhere..........

    April 21, 2008 12:29 pm at 12:29 pm |
  22. dave

    She will do anything to win, even destroy the democratic party in the process. So she can't manage her own budget, but she can handle the American budget... right .

    Obama 08

    April 21, 2008 12:30 pm at 12:30 pm |
  23. Geri

    Who cares how much money Obama has...its where it came from that matters. He tries to tell us its from regular people, who is he trying to kid. Most regular people are having enough trouble paying for gas and groceries let alone donating to this elitist. God will really need to bless America if Obama gets in.

    April 21, 2008 12:30 pm at 12:30 pm |
  24. Glenn

    I just wonder how bad off her campaign finance problems would be if she had not loaned herself money. Is she going to loan the US money if she gets into office and gets jammed up with bad political policies? I can't see giving a person who can't manage a campaign control over the countries finances with our current political situation.
    There's only 1 logical choice, Obama. Just do the math yourself, don't trust the Clinton "New Math".

    April 21, 2008 12:30 pm at 12:30 pm |
  25. JP

    3. am phone call........Hillary Picks up..."Hello...Hillary here...Ready on Day one to be Commander-in-Chief, who is this??.. " On the other side... " I am the Money Lender and you owe me 1 million dollars, pay up soon or I take over the Whitehouse as you had mortgaged it...."

    April 21, 2008 12:30 pm at 12:30 pm |
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