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. Marj in South Carolina

    What for? This is a losing proposition....Can she just send her money to the victims of the cyclone in Myanmar? It would go a long way towards easing their pain and suffering.

    May 7, 2008 10:14 am at 10:14 am |
  2. aj

    It just seems really sad that she's using the emotions of those that follow her to extend the campaign so that she can pay herself back. Very sad. Clinton supporters unite with Obama supporters to change America.

    May 7, 2008 10:14 am at 10:14 am |
  3. Anonymous

    With the way our economy is how can we expect her to run the country when she cannot keep her own campaign out of the hole.

    May 7, 2008 10:14 am at 10:14 am |
  4. Addis - observer

    ... where r Hillary's supporters??... It's okey guys... take it easy. ... Barrak is there to pay her debts... But .. did u see her? How power hungry she is?... she still want to continue... shame!!

    May 7, 2008 10:15 am at 10:15 am |
  5. boered1

    I think the BEST part of the coverage on CNN last night was watching the faces of all the "Closet Clintonistas" (Wolf especially!) as they had to report on the win of Obama in North Carolina and his closing of the gap in Indiana.. priceless!

    May 7, 2008 10:15 am at 10:15 am |
  6. bigben

    Looking at last exit polls. Obama will not be winning in nov.
    50% of Clinton supporters will not vote for Obama. I can't wait to see his losing ge speech has he go UH UH UH UH.

    May 7, 2008 10:15 am at 10:15 am |
  7. William

    Talk about trying to buy your way into the White House

    May 7, 2008 10:15 am at 10:15 am |
  8. maria loi

    She is a very determined person, the better of the two candidates!
    America needs a determined President who will work for the Americans on day one, not an talker!

    May 7, 2008 10:16 am at 10:16 am |
  9. MD

    Hillary makes me sick to my stomach. She has the gull to act like she is one of "us," and then the news comes out that she has lent herself $6.4 million.

    I can't believe we have so many uneducated people in this country who fall for her nonsense.

    If it weren't for the Republicans, she would have been burnt toast by now.

    May 7, 2008 10:16 am at 10:16 am |
  10. Indiana voter

    It is just getting sick how Hillary and her supporters think she is the heir apparent to the presidency and use the fact that Obama can't secure landslide victories against her and can't win the "states that count"...even when she can't win the majority of all the delegates OR the popular vote! Get over yourselves and quit being crybabies about FL and MI! It is funny how the Democrats in those states sat back and did NOTHING until after the DNC enforced their punishment of disallowing their delegates like they threatened they would (come on, my 3 year old behaves much more maturely than FL & MI and all the Hillary supporters who want to use FL & MI to steal the nomination).

    May 7, 2008 10:18 am at 10:18 am |
  11. Scott

    Why doesn't she use her money for something productive?

    May 7, 2008 10:19 am at 10:19 am |
  12. Al

    Clinton supporters need to give it up. It's over. You lost. At least leave with a little bit of pride.

    May 7, 2008 10:19 am at 10:19 am |
  13. Pat

    OMG!

    SHE IS ADVERTISING HER

    WEBSITE ON THE

    CNN POLITICAL PAGE

    ASKING FOR DONATIONS!

    May 7, 2008 10:19 am at 10:19 am |
  14. blah blah

    WOW!!!! I know it is hard for woman to give up on things they believe in, but HILL "LET IT GO"... Obama is the man!!!!

    It's OK, may be next time.........

    May 7, 2008 10:19 am at 10:19 am |
  15. Ben

    If she runs the White House like she runs her campaign the USA will go bankrupt!

    May 7, 2008 10:19 am at 10:19 am |
  16. maria loi

    MD, what choice had she but to beat Obama at his advertising and money game. She had always enough money to work on when she was a lawyer. She did not have to have the two land deals like Obama with Rezko. So, think deeper and see who is better for America?

    May 7, 2008 10:19 am at 10:19 am |
  17. jason

    i just find it great that despite the media telling everyone that everyone doesn't want obama – people still vote for him.

    go people!

    May 7, 2008 10:19 am at 10:19 am |
  18. Herman in LA

    LOANED HERSELF $6M?

    WHO LOANS THEM SELF $6M? AN ELITIST!!

    MY GOODNESS PLEASE

    May 7, 2008 10:20 am at 10:20 am |
  19. Meg

    1. How on earth can she begin to solve our economic woes when she can't even manage her campaign? It's not like you can just print more money to bail a country out, though that's probably what she's banking on.

    2. How does she claim to "understand" blue collar workers? I'm college educated and I can't even imagine having millions of dollars. The blue collar workers need to take a look at the facts- see that before Obama went into politics, he worked with people in Chicago to make a better life for them. He had a law degree with no interest in becoming a lawyer because he wanted to make a difference in people's lives from the bottom up. Seriously, people, Hillary has nothing for you.

    Hillary is disgracing her family's name. Enough already!

    May 7, 2008 10:20 am at 10:20 am |
  20. A.K.

    Anya, that's great, as long as you're not elsewhere claiming that you really need the 30 bucks from Clinton's gas tax holiday. Oh, and you may be a "registred democrat", but you're no Democrat if you're for McCain.

    May 7, 2008 10:20 am at 10:20 am |
  21. F12002M

    Billary.... You aint no Mitt Romney. If you keep putting $12M every 2 months in you campaign you will end up foreclosing your your home and the clinton library. Thats my advice and its free.

    May 7, 2008 10:20 am at 10:20 am |
  22. Sheila WA

    I think with Obama trouncing Hillary in NC and Hillary's very very narrow win in Indiana (less than 19,000 votes) proves that Obama is electable. It's going to be pretty tough for Hillary to sway the supers to her side by saying he is unelectable .

    May 7, 2008 10:20 am at 10:20 am |
  23. yen

    Greatness is to accept defeat. Hillary and Bill will kill to win. Imagine, Hillary using her own money to run negative campaign to hurt a fellow democrat.And she knows all too well that she cannot win. What happened to bill and hill????????

    May 7, 2008 10:21 am at 10:21 am |
  24. Gail

    CNN: Please post something negative about Obama in the middle of all of these negative Obama supporters.

    You Obama people really aggravate me. Don't you have anything to do except sit around waiting for the next ticker? I will be simply disgusted if Obama is the nominee. It is almost like you are voting and supporting him to spite somone. Wherever it is that Obama gets his money is really surprising. There must be people not eating and feeding their children, just so they can put an African-American in the white house. I will not vote for him and will not vote period if he is the nominee.

    May 7, 2008 10:21 am at 10:21 am |
  25. RM

    Keep going Hillary! It shows your commitment to this country! You are a winner!

    May 7, 2008 10:21 am at 10:21 am |
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