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. New Day

    I'm going to take a page from the Hillary Economic playbook and lend myself $10 for lunch.

    May 7, 2008 10:37 am at 10:37 am |
  2. Amanda

    She lies, cheats, wants to change the rules, calls others names, then just pulls her checkbook out. She is completely mad. So add to my list elitist, the fact is most of us blue collar workers dont have 11 million dollars to throw away.

    May 7, 2008 10:37 am at 10:37 am |
  3. Tom in Desoto, Tx

    Has her campaign paid her back for the $5 million loan a few months ago or is she that much more in the red? Perhaps she'll go broke supporting her campaign?

    May 7, 2008 10:37 am at 10:37 am |
  4. tigerakabj

    Clinton supporters, I implore you to see that this race is over. It was a valiant effort on Hillary, but Obama is the nominee.

    Her 109 million? She is going to need it for the Paul v. Clintons trial coming up.

    May 7, 2008 10:37 am at 10:37 am |
  5. Buckman

    It vwas really sad to hear someone who just revealed that she and her husband made $109,000,000.00 the past 6-7 years preface her election night speech with asking the little guy to send money. This seems extremely elitist, since she knows that she realistically can not win.

    May 7, 2008 10:37 am at 10:37 am |
  6. Koronin

    Shay, the reporting is not under par. It clearly shows the dates she loaned herself more money, April and May.

    So that's more than 11 millions she's poured into her own campaign.

    11 million orginal dollars and not one original idea, some formula for winning the Nomination.

    May 7, 2008 10:38 am at 10:38 am |
  7. SNP

    oh now I get it, this is why she is pushing so hard for the gas tax holiday, its not really for the poor suffering voters, she needs it herself and to help cut costs of transporting her campaign. Like she says when you are that much in debt 30 dollars is a lot of money.

    May 7, 2008 10:38 am at 10:38 am |
  8. Larry, Apex, North Carolina

    Her ego is just too much-I'll bet she votes for McCain in the fall!

    May 7, 2008 10:38 am at 10:38 am |
  9. An Agnostic Democrat

    Limp, limp, limp. And this woman thinks she can manage our country? She can't even beat a competitor during some of her "best" weeks while he's had his worst. How strong of a candidate is that? I'll take a quarter of a million trouncing by a deserving victor rather than an eeked out win by an ego-driven, delusional millionaire who fakes and panders her representation of the common folks.

    May 7, 2008 10:38 am at 10:38 am |
  10. skip

    Just her way of doing business I guess... is this the way she'll run our economic situations of our country if she was elected? They say that if you want to know how a person treally operates... look at their checkbook!

    May 7, 2008 10:38 am at 10:38 am |
  11. IG

    These "loans" confirm how little she knows about economics. No bank in their right mind would loan money to a company that was so clearly headed down the drain.

    May 7, 2008 10:38 am at 10:38 am |
  12. Fran

    Its called DESPERATE.

    Please Hillary, save your money girl, it is over!

    May 7, 2008 10:38 am at 10:38 am |
  13. JW

    Between her campaign costs and her legal fees in the pending civil suit, she can't afford to be President!

    May 7, 2008 10:38 am at 10:38 am |
  14. larry King Live

    god help you moron's !!!! how can you people want nobama to lead a nation; if you look at all the up coming countries in the world elect the best possible person. America is going for the guilt concious. And you moron complain why is the country going south. amazing when people decide to go south the real go south. enjoy every bit now as you moron would not have much later lololol.......................

    May 7, 2008 10:38 am at 10:38 am |
  15. AJ, IL

    I urge all Democrats and Democratic-leading Independents and Republicans that now is the time to rally around the Democratic Presidential Nominee, Barack Obama!

    The Clinton camp has raised every political issue imaginable in the primaries from popular votes to electoral college votes to Republican tactics against the nominee. As an Obama supporter, Democrats need time to heal and unite. All the supporters of the Democratic Party need time off to rest and regain strength in order to take on McBush in November! This Democratic primary season seems more like a general election contest.

    May 7, 2008 10:39 am at 10:39 am |
  16. SNP

    This from the lady who says she won't listen to economists, re the gas tax holidays!

    May 7, 2008 10:39 am at 10:39 am |
  17. Beverly, NYC

    Hillary if you really believe you are the best candidate, finance your own campaign. You have 103 mil left. Your buddy Governor Corzine spent 67 mil of his own money to win a senate seat. I would have a little more confidence in your words if your own $ was at stake, rather than begging the little guy to fund your losing campaign.

    May 7, 2008 10:39 am at 10:39 am |
  18. B

    Do any of you fools actually believe this woman? She panders to the same Washington politics of the previous few decades – give the Israel lobby anything they want (nuke Iran).

    She isn't our President yet and she is already lying to us!! Dodging sniper fire, haaaah!

    Ron Paul is our only answer.

    May 7, 2008 10:40 am at 10:40 am |
  19. Cardinal

    Obama is 5 delegates away from having 50%+1 of the total delegates of this primary (Florida and Michigan have been excluded since before everything began and both candidates agreed to this)...it's time for Hillary to step down and start working to save this country.

    May 7, 2008 10:40 am at 10:40 am |
  20. Joyce, NC

    Don't be so cocky Obama supporters. It's not over. IF he gets the nomination, he would need the rest of us.
    If he is going to believe that half the republican states he won will vote for him, think again. He is in for a rude awakening.

    Also, really question the donors he's getting.

    May 7, 2008 10:40 am at 10:40 am |
  21. Larry, Apex, North Carolina

    People fro Texas need to stop leaving comments-the "Texan for the naked truth is obviously an idiot...

    May 7, 2008 10:40 am at 10:40 am |
  22. Steven

    If this is any indicator of how she would run our country....you can tell a lot about a presidential candidate by how they run their campaign, and it's probably a fairly good indicator of what we could expect if she were to be in the White House next year. Not good, folks. This isn't a sign that she is committed to continuing, it's a sign she's broke.

    May 7, 2008 10:40 am at 10:40 am |
  23. kg

    yikes!

    May 7, 2008 10:40 am at 10:40 am |
  24. Brian

    Hillary should reach out to her old friend Norman Hsu for a loan. Hsu's is in jail but should be able to help again with his Chinese connection.

    May 7, 2008 10:41 am at 10:41 am |
  25. mozartt

    talk about throwing good money after bad! Oh well, she has piles of it, so who cares how she spends it! Maybe she's going to keep all the money she saves from the gas tax and use that for the American people!!

    May 7, 2008 10:41 am at 10:41 am |
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