(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)
Hattie / Chicago April 21st, 2008 10:42 am ET
THIS IS PITIFUL !!!
SHE CAN'T EVEN MANAGE HER CAMPAIGNS FINANCES- HOW'S SHE GONNA MANAGE THE COUNTRY !!! VERY SCARY !!!
. Did all the obama's supporters get the same "MEMO" this morning?
GO HILLARY 08!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Do you believe in signs?
Wow and she wants to manage the nation's economy? No thanks. As a nation, we are in debt enough.
Time to kick the DC politician trash (including Bush and Clinton dynasties and Dick Chaney and his minions) to the curb.
Irish for O'bama! Obama-Gore or Gore-Obama or even Obama-Pelosi '08!
This is off topic but I have read alot of comments from Obama supporters who believe Obamas mom died and he was then raised by his grandparents. His father left him,yes but he was then raised by his mom and step-dad until the age of 10? His mother died when he was what? 30, He had a very GOOD upbringing and went to private expensive schools,
She started off with big time contributers who have given their max by law. He has drawn from the little people by the millions. This tells you who wants whom. The big wigs want Clinton and the little guys want Obama. If you trully want a candidate bought by the people instead of the big wigs, you better go for Obama.
1. Hillary has shown that she cannot manage a small operation very well, having run low on campaign funds on several occasions. It question’s how can she be trusted with the largest economy in the world?
2. How can the Clintons raise millions for their library and foundation and not generate enough support to sustain a campaign? It question’s that those donations are likely dubious? Why is there not enough support from the rank-and-file of whom Clinton claims to be a part of?
Bottom line: Stick a fork in it Hillary! Obama its time to prepare for the general election!
Management 101, someone are liking it. if you can not run your own debt how can you run the country debt.
Well...there you have it.
Clinton supporters either DON'T HAVE money
or WON'T put their MONEY where their MOUTH is...
and we get a GLIMPSE of the US BUDGET under Clinton
DEFICIT CITY !!! for us, that would be,,
full repayment and fiscal PROSPERITY for HER
This just highlights the real need for these these campaigns to be publicly financed. The amount of money needed to compete is ridiculous!
I saw this huge billboard while driving on the thruway, it said, "WAIT TILL I GET DOWN THERE" signed-"GOD" Made me think, i'll tell ya. All the hatred in here is so uncalled for. Remeber the sign!!!
Wow! Hilbill can't even run an election campaign but wants to run our beloved country? Wake Up Penn! Alabama voters did now the balls is in your court!
G.O.M.A.B. for Barack Obama 2008
Hillary in debt? interesting as she spends other people's money with reckless abandonment while she and her husband rake in 100+ million personally. Clearly not someone you want at the purse strings of the top job in American . People need to wake up and quit listening to the spin ..... a decision over president has so little to do with a mangled phrase of words or something a acquaintance said or a pastor said, it's more appropriately about their actions and lying about Bosnia, negative attack ads, spinning non-essential issues in the public eye, and most importantly an inability to maintain financial balance of other peoples money ARE CHARACTER ISSUES and Hillary fails in all of them.
If she wasn't going all out to make Obama look bad she'd have money. It is no wonder people won't send her money because she is so disliked. If she wants to win people over, except the hardcore supporters who can't support her campaign, she should use her supporters money wisely and talk about why she should be president and stop trying to make Obama look bad.
It seems that Obama is better with money than Hillary. If Hillary can't run her campaign better than this, what would she do running our country?
"Their candidate lost 3 out of 4 states in spite of outspending Hillary 2-1 or even 3-1. Do you need more clues?"
Here's a clue...even with the last 3 "wins" Barrack still has one more states! She can't do something as simple as running her campaign and she wants to run our country? No thanks...our country is in enough DEBIT!
JOSH 10:48 inappropriate
HIllary's new strategy: instead of drinking beers, she is going to try and appeal to common americans by going into debt, like them!!
one more thing they will have in common: she will not be president
Senator Clinton has claimed to be tough but she has just been stubborn. Stubbornness can't withstand such a financial deficit. Money problems spell big trouble for Clinton going forward. Time to pack it in Senator Clinton the Fat lady is singing, loudly!
She will do well with the finances of the country, she does not have Rezco and Rev Wtight backing her. It will cost us more money at the end of his 4 years as President. Not all change is good. I want my social security when I retire. I am thinking with my head and not going to buy in to young one as a President.
how can she claim to be able to fix our economy when she cant even budget the funds in her campaign ?
how can she claim to be ready to lead on day 1 when she cant even manage her campaign?
maybe because Hillary supporters are just regular people who can't afford as much as BO's elete supporters.
This is what PAC and lobbyist money will do for ya!
Some one needs to tell those idiots who are supporting clinton the game is over. For God sake she can not even organize her own compaign how is she going to run this nation. Clinton supproters stop wasting your money on Clinton, joing the Obama group so we can bean Mccain. I want you to think hard we do not want third term Bush in the white house.