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. jeremy

    NOTE TO HILLARY:

    It's over. Drop out with some form pride. That is all you have left.

    Last night did nothing but strengthen Obama's campaign. It doesn't take a rocket scientist to realize that.

    May 7, 2008 10:22 am at 10:22 am |
  2. TD-Texas

    I got it! Everyone should send in thier $30 Hillary was going to save you with the gas tax relief....maybe that will help her out! :)

    May 7, 2008 10:22 am at 10:22 am |
  3. carlos

    Better have Bill write another book.

    May 7, 2008 10:22 am at 10:22 am |
  4. Megan O. Toronto, ON, Canada

    Hopefully the $28 dollars from her purposed Gas Tax Holiday will help her out.

    Way to go Obama!!!!!!!!!!!!!!!!!!

    May 7, 2008 10:22 am at 10:22 am |
  5. CA Girl

    Money aside, after last night's results it is time for Hillary to step outside of the Clinton bubble and let the Democratic party move forward.

    Stop with the desperate pleas that will only hurt us: funding your own campaign and pushing for Florida and Michigan revotes after they clearly broke the rules.

    This is an isolated time I would ever praise a republican, but Hillary PLEASE follow Mitt Romney's steps and drop out!

    May 7, 2008 10:22 am at 10:22 am |
  6. AM

    I couldn't even imagine going to the polls to vote and finding out that my vote, or anyone else's in my state doesn't count (Florida & Michigan) This would definately anger me. Everyone's vote should count. How would you feel if they disregarded your vote in particular.

    May 7, 2008 10:23 am at 10:23 am |
  7. Paul B., Gardner, CO

    Having $6.4M to loan her campaign just goes to show how far out of touch Hillary is with the "average voter".

    May 7, 2008 10:23 am at 10:23 am |
  8. Lisa

    You Hillary supports think Obama supports owe you something????Please.

    May 7, 2008 10:23 am at 10:23 am |
  9. Sean

    sasha: You can do what you want, but in the end I guarantee there won't be 50% of the former Clinton supporters crossing over. We are really tired of your threats. We know who the best candidate is, and we won't be threatened into accepting 2nd best!

    May 7, 2008 10:23 am at 10:23 am |
  10. Rich

    Is there any way to prove that Hillary's campaign truly raised $10 million the day after the Pennsylvania primary? Her campaign's saying that was great campaign spin, but I doubt the truthfulness of this claim by a candidate who will do anything and say anything to get elected.

    May 7, 2008 10:24 am at 10:24 am |
  11. Y

    That's the kind of politics the we need to get rid of. Rich people putting themselves in office whether the people want them or not. The people spoke in Iowa. Game over!

    Obama '08

    May 7, 2008 10:24 am at 10:24 am |
  12. Jeff - Schaumburg, IL

    Why bother? It ended yesterday.

    May 7, 2008 10:24 am at 10:24 am |
  13. dd

    why people are still voting for Obama? He has so much questionable on him. Wright, Rezko, Canada, and his claims, and hollow promises, hype, hope. Hype – hope =new dance?

    May 7, 2008 10:25 am at 10:25 am |
  14. Isaac

    The more the odds stack against her, the more she doubles down. That lady seriously needs to go to Gambler's Anonymous.

    May 7, 2008 10:25 am at 10:25 am |
  15. Tim

    I want to know how is the $11.4M going to be paid back and at what interest rate? Don't think the American people would be very happy when they realize that she will actually make a profit on her money in the end...at the expense of her donors.

    May 7, 2008 10:25 am at 10:25 am |
  16. Beltana

    What a waste. Give it up for the good of the party.

    May 7, 2008 10:26 am at 10:26 am |
  17. Incoming Sniper Fire

    Who is the elite now??..how many of us have $6,000,000 in the bank right now?

    May 7, 2008 10:26 am at 10:26 am |
  18. Peter R

    Thank you Pain-sylvanians and Idiotonians for not ending this sooner!

    She is a joke!

    May 7, 2008 10:27 am at 10:27 am |
  19. Rosser

    Is Hillary staying in the race to hurt Obama's chances in November? It's no secret that McCain and Billary are tight so is that really out of the question?

    The things that make you go hmmmm...

    May 7, 2008 10:27 am at 10:27 am |
  20. Taft, W. Virginia

    . . . . And she wants to be trusted with the country's money?

    May 7, 2008 10:28 am at 10:28 am |
  21. Gail

    CNN, you need to shut down the ticker and posting and see if these Obama people will move to the streets with signs. Would probably attack Fox channel web site.

    May 7, 2008 10:28 am at 10:28 am |
  22. Paul

    People talk about racism when over 90% of African Americans vote blindly for Obama...

    Keep on attacking Hillary, people tend to make wrong choices. We know she is the best candidate...

    May 7, 2008 10:28 am at 10:28 am |
  23. Steve in DC

    Anya...you might as well have put that $500 beside the toilet and used it as toilet paper...at least then you would have gotten some good use out of it. Don't you know the country is in a recession? You should be making wise choices with the money that you spend.

    Obama 08

    May 7, 2008 10:29 am at 10:29 am |
  24. Soooo Over

    The Clinton Era is OVER.

    Now all Hill needs to do is walk away with her head held high because she did a good job, and do the democratic thing and endorse Obama-Unite the party Hill, be the bigger person.

    Obama 08!

    May 7, 2008 10:29 am at 10:29 am |
  25. semp

    Why ... something is fundamentally wrong with this process, her thought process, all the money. Why not just buy a horse farm and watch the horses from the porch?

    May 7, 2008 10:29 am at 10:29 am |
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