May 7th, 2008
10:20 AM ET
4 years ago

Clinton loans herself $6.4 million

, ,
 Clinton has loaned her campaign a total of $11.4 million.
Clinton has loaned her campaign a total of $11.4 million.

WASHINGTON (CNN) - Democrat Hillary Clinton has loaned her presidential race $6.4 million over the last month, bringing the total amount of money she has lent herself to $11.4 million.

And she is willing to lend herself more money, top adviser Howard Wolfson told reporters Wednesday, a day after Clinton eked out a narrow victory over Sen. Barack Obama in Indiana's Democratic primary but lost to him by a landslide in North Carolina.

The $11.4 million she has lent her campaign this year is about the same as the amount she earned from book sales and her Senate salary, Wolfson said.

On a conference call with reporters, Wolfson said the loan proves Clinton is committed to staying in the presidential race.

"The loans are a sign of her commitment to continuing the race, her commitment to continuing the process and her commitment to staying competitive with Senator Obama on television and other areas," he said.

"The campaign continues to raise a lot of money, but Senator Obama, to his credit, is also raising a lot of money."

Clinton loaned herself $5 million on April 11, $1 million on May 1 and $425,000 since then, the campaign said Wednesday. The senator from New York loaned her campaign $5 million in February.

Clinton began the month of April with close to $32 million in cash on hand, but only $9 million of that total could be spent during the primary season, according to the most recent campaign reports filed with the Federal Election Commission.

The report also showed that Clinton owed more than $10 million, meaning she was in the red even before she heavily stepped up television advertising ahead of the Pennsylvania primary in late April.

The day after her convincing Pennsylvania win on April 22, the Clinton campaign said it raised $10 million on the Internet. The campaign has not said how much it has raised since her close win in Indiana and her North Carolina loss Tuesday.

(Updates with campaign comments)


Filed under: Hillary Clinton
soundoff (697 Responses)
  1. Jenny

    I think this kills any credibility she may have had regarding economics. We don't need a president that doesn't know any better than to throw 6.4 million down a rat hole.

    May 7, 2008 10:01 am at 10:01 am |
  2. obama supporter

    hillary needs to drop out and put those millions toward her campaight debt and get ready for the court (fraud case against peterpaul) in nov.
    congraudulations barack

    May 7, 2008 10:01 am at 10:01 am |
  3. Anonymous

    That is what happenes when you dont listen to economists and experts.

    CANT RUN A CAMPAIGN, CANT RUN A COUNTRY !

    May 7, 2008 10:01 am at 10:01 am |
  4. CNN why are you not posting my comments???

    Wow i feel pity for her ............. with you as Obama's VP he will clear your debt .....

    TIME FOR US DEMOCRATS TO UNITE!!!!!!!!!!!!!

    May 7, 2008 10:01 am at 10:01 am |
  5. trevor

    If she can't run her campaign, how is she going to run the country? Hillary, please go home now! Do we want Bill Clinton back in the Washington chasing interns?

    May 7, 2008 10:01 am at 10:01 am |
  6. shelly in IL

    Oh wow, this is not good. Some one speculated Senator H was haveing financial troubles.

    May 7, 2008 10:01 am at 10:01 am |
  7. Benjamin from Columbus, Ohio

    Sounds like that money would have been better spent giving every one of her supporters 18 cents per gallon towards their gas purchases during the summer. That's the closest they'll ever get to a "gas tax holiday."

    May 7, 2008 10:01 am at 10:01 am |
  8. Pam

    Obama will be the Dem Presidental Candidate and Billary will be the VP. His enormous, historical funds will cover her expenses for the remainder of the race (June-Nov)and she can pay herself back with the money she collects from June to Nov.

    Bottom Line Up Front (BLUF): A Win Win for the American people!

    May 7, 2008 10:02 am at 10:02 am |
  9. Anonymous

    You people are morons. How you manage to type with drool on your keyboards is a mystery, but it probably explains the atrocious spelling and grammar.

    May 7, 2008 10:02 am at 10:02 am |
  10. bigben

    Not going support obama. I call all Clinton supporters to vote McCain.
    The dnc robed Hillary over MI and FL.

    May 7, 2008 10:02 am at 10:02 am |
  11. Media Blackout May 15th

    Has The Gimmick candidate announced she and Bill will travel to Iraq to suck up the oil, store it in their cheeks to get through Customs to help save the American people .0005 cents yet?

    Hillary Clinton, The Gimmick Candidate
    Bill and Hillary, The Gimmick Family
    Do and Say Anything ‘08

    May 7, 2008 10:02 am at 10:02 am |
  12. bitter_in_pa

    She is like one of those zomies in a living dead movie. She just keeps coming at you even though her head is chopped off and her arms are missing.

    May 7, 2008 10:02 am at 10:02 am |
  13. Jewish Women for Obama

    David Chu,
    What an excellent point!!!
    Yeah, why doesn't she "donate" to the campaign like she keeps asking us to do?

    May 7, 2008 10:02 am at 10:02 am |
  14. Scott

    ahem....I think this is appropriate....na na na na...na na na...hey hey hey...goodbye. Or if you prefer...another one bites the dust? Time to pack it in Clintonites!

    May 7, 2008 10:02 am at 10:02 am |
  15. NIC

    She can still win, dont kid yourself people. It's dawnting, really steep climb to the sumit, but still possibe! Amazing how Barack had a great run, huge momentum BUT still behind in the ever so important Super Delegates. They will decide it, and it will be close.

    May 7, 2008 10:02 am at 10:02 am |
  16. DCL

    I can't figure out who is more delusional, Senator Clinton or her supporters on this site.

    May 7, 2008 10:02 am at 10:02 am |
  17. Fran

    How can anyone think Hillary would be good for this country when she has run a terrible campaign constantly running out of money. If this is an indication on how she would run the country then we will be no better off than we are with George W. Bush.

    Hillary has called Obama elite, well she is the elite one being able to keep loaning herself millions of dollars to continue in a campaign that she has no chance of winning.

    May 7, 2008 10:03 am at 10:03 am |
  18. Anya

    it isorth. I just gave her $500.00 more.

    I am registred democrat. As long as she kills Obama I am happy.

    Obama will be another disaster (like Bush) we do not need extreme president.

    Whether she gets nomination or not. She is winner. Liberal media tried to kill her since begining. Media and democrats liberals will cry in Nov 08 When John Mccain is going to be President.

    Hillary 08 or 12 ; Jonh M 08

    May 7, 2008 10:03 am at 10:03 am |
  19. WOW

    LOANED HERSELF $6M?
    WHO LOANS THEMSELF $6M? AN ELITEST!!

    May 7, 2008 10:03 am at 10:03 am |
  20. Joe in NoVa

    Clinton's problem now is to figure out how she can exit the race without seeming overly selfish. I think she should have bowed out after Pennsylvania, when she could have commanded any price or concession from Obama that she wanted. Now, it will be much harder for her to make any demands on Obama's presidential campaign, and the longer she keeps going, the more damage she does to her future political viability.

    May 7, 2008 10:03 am at 10:03 am |
  21. Phil-Little Rock

    nina said:
    Is that allowed? What happened to the 10 million she made after the PA primary?

    ======================================================

    Well Nina, the $10M she claims to have gotten in donations went to pay back her other debts that her campaign ran up before. It's amazing to me that, for someone who touts small business and working people of this country, there are stories on the Net about how she hasn't paid some Mom & Pop Donut/Bagel Shop from when she was campaigning in Iowa and NH; she is truly shameless at that. She wants to hold Obama to a standard that she won't abide by.

    Now she's reduced to lending herself money. When other supporters won't lend money to your campaign, isn't that a sign right there? A sign that they don't believe in your message anymore and that you're only in it for the vanity of your own ego? Hillary, for the sake of the party, stop acting like a hardcore Republican and do what's right: suspend your campaign and save what little shred of respect and decency you have left. Maybe Barack will buy you a shot and a beer if you're a good girl??

    Let it be known: the guy on CNN last night, Castellanos, said last night was 'the beginning of the end of the Clinton era'. Let's hope for the future of our country that he's right!!!

    GO OBAMA '08!!!!

    May 7, 2008 10:03 am at 10:03 am |
  22. MD

    What concerns me greatly about Clinton is that she is unable to run her campaign on a balanced budget.

    Do we need a Commander in Chief who would have to lend herself $6.4 million when the 3 a.m. call comes?

    May 7, 2008 10:04 am at 10:04 am |
  23. Jim

    She won indiana on a slim margin off of the rush limbaugh votes. she should step down.

    May 7, 2008 10:04 am at 10:04 am |
  24. mt

    to expat in London:
    Obama does the same! He is dividing the country too! And reignited the racism.

    May 7, 2008 10:05 am at 10:05 am |
  25. bitter_in_pa

    I'm sure her 6 million will magically replenish itself after a few backroom deals.

    May 7, 2008 10:06 am at 10:06 am |
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