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. Charles

    Here is my thoughts:

    Why can't SHE close the deal?

    May 7, 2008 10:30 am at 10:30 am |
  2. Sharon - NC

    And who gave her the money to loan herself? Is this another way of hiding questionable campaign contributions?

    May 7, 2008 10:31 am at 10:31 am |
  3. carlos

    We need the Godfather to end this. Where is Al Gore????

    May 7, 2008 10:31 am at 10:31 am |
  4. J. McKinnley

    . . . Hillary now has to campaign outside on real stumps because she
    didn't budget her money right. Now she wants to handle the country's
    budget?

    May 7, 2008 10:31 am at 10:31 am |
  5. Fitz

    Sasha, what are you talking about? what you said makes no logical sense. Obama and his wife are destroying the country. Are you even in the country saying something as foolish as that. Who's in charge of the white house? who made $800K off some foreign deal? who is saying one things and doing teh other.

    Wake up Sasha.....Paul vs. CLinton- check it out after you have some coffee

    May 7, 2008 10:31 am at 10:31 am |
  6. Alexander

    At this point she wants to buy her way in, this shows a severe case of ego and nothing else.

    May 7, 2008 10:31 am at 10:31 am |
  7. Jose'

    Give it up Hillary.

    Obama has already bought and paid for the nomination.

    The superdelagates won't dare vote for you over Obama.

    It's called 'affirmative action'.

    May 7, 2008 10:32 am at 10:32 am |
  8. liar, liar, pants on fire

    Hillary and her supporters live in another world. They refuse to accept reality. Funny how her supports won't provide her with financial support. What's up with that Clintonites? Why won't you?

    May 7, 2008 10:32 am at 10:32 am |
  9. Robert Bauer, Sonoma County, CA

    Anya: $500.00??? A fool and her money are soon parted. If anyone else wants to donate $500.00 to Hillary, please donate it to me instead. I can certainly make better use of it than Ms. Clinton. I've said this time and time again since March. This race is over, Obama is the winner and the Clintons need to go away.

    May 7, 2008 10:32 am at 10:32 am |
  10. Kenneth M

    I love Hillary now, but she took a stomping last night. Don't worry Hillary, you can do it. Its like the Opra, its not over until she sings.

    May 7, 2008 10:32 am at 10:32 am |
  11. General Election Spanish vote nin Texas and Carlifornia

    One voting block that is not being talked about is the spanish vote for the general election.After the way the Clintons treated our son, Richardson........whom do you think we would vote for........they called Richrdson Judas.......the bloggers here even insulted him.....????
    Lets just say the big state argument held then, will it hold now???

    May 7, 2008 10:33 am at 10:33 am |
  12. George

    Hillary is intransigent because the superdelegates are so incompetent that they cannot take a decision to control her and make her abide by the rules or reason. Meanwhile MaCain gains grounds everywhere. Today, MacCain is talking convincingly about human trafficking and winning support. A word to the wise is enough.

    May 7, 2008 10:33 am at 10:33 am |
  13. Joey Daniell

    You have a typo in your article. You Said "Presidential Racie", it shoudl be presidentail race without the i.

    May 7, 2008 10:33 am at 10:33 am |
  14. Marc

    Money from the Saudi's is helping Hillary to keep on.

    May 7, 2008 10:33 am at 10:33 am |
  15. Mike,ct

    I don't understand
    if she say obama out spent her on ads why is she running out of money and not obama.

    OBAMA 08

    May 7, 2008 10:34 am at 10:34 am |
  16. Chuck

    How dare Hillary makes a demand for more campaign money during last nights speech while promoting a gas tax holiday. It sounds like a "giveth and take it away" scheme. Hillary is the ultimate panderer.

    May 7, 2008 10:34 am at 10:34 am |
  17. Len in Washington

    She represents the Blue-Collar Workers? How many of them can write three checks totaling $11.4 million?

    NOW who's the "Elitist?"

    This is not the person I want to steer our National Economy.

    May 7, 2008 10:34 am at 10:34 am |
  18. Sure

    I don't see how people can tell Clinton to drop out. Why would you drop out when you're still winning states?

    May 7, 2008 10:34 am at 10:34 am |
  19. GOPHater

    Never in my life did I think I would detest Hillary Clinton. But then, I didn't know she was going to turn into a republican.

    May 7, 2008 10:34 am at 10:34 am |
  20. White Accountant, W. VA

    Voters., , , , Would you hire this type of accountant to handle your bank
    account, and other finances. If she's broke now, what do you think the
    country would be in 2 years?

    May 7, 2008 10:35 am at 10:35 am |
  21. Body Canada

    I guess Hillary would have to sell her home to run her campaign. Up Obama. !!!!!!!!!!!!!

    May 7, 2008 10:35 am at 10:35 am |
  22. Sarah V.

    I'd say the loans are less a commitment to continuing the race and more of a sign of her inability to budget or understand economics. And they aren't the only signs of those shortcomings.

    May 7, 2008 10:35 am at 10:35 am |
  23. Wayne, Greenville TX

    Yet another sign that the time has come for Hillary to fold her tent and go back to the Senate. We all need to join ranks behind our next president – Barack Obama.

    May 7, 2008 10:35 am at 10:35 am |
  24. AJ

    It's kinda hard for Hillary to keep up with all that crack money going into the Obama campaign...

    May 7, 2008 10:36 am at 10:36 am |
  25. Jayne Marsh

    I am not prejudice. I love every color of people but I do not like Americans voting for a person because of color.

    May 7, 2008 10:36 am at 10:36 am |
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