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. Bitter in Texas

    DANG!!!! I guess dreams of being the first "Woman" President cost a lot of money...and I only have to worry about gas money to drive 80 miles back and forth to work to make 19,000 a year. I guess I better sent Sen. Obama another $50 bucks so he can keep up with her.

    May 7, 2008 10:41 am at 10:41 am |
  2. Al

    I guess Mrs. Clinton decided to skip economics 101 while she was at Wellsley!
    It's over!

    May 7, 2008 10:42 am at 10:42 am |
  3. Pam

    The party is definitely over and the bill collectors are calling.

    May 7, 2008 10:42 am at 10:42 am |
  4. Mike

    She gives to her own campaign and Obama gets money from oil company CEOs and drug companies.

    May 7, 2008 10:42 am at 10:42 am |
  5. Will

    Don't kid yourselves. Hillary's so-called "supporters" on this site are actually paid members of Hillary's campaign

    May 7, 2008 10:42 am at 10:42 am |
  6. Dan (TX)

    Some leader – lousy president. Next topic....

    May 7, 2008 10:43 am at 10:43 am |
  7. Alice

    Do we have to wait until the entire $109 million is exhausted?

    Someone, please, stop this woman !

    May 7, 2008 10:43 am at 10:43 am |
  8. Time to unify and stop the bashing.

    Obama-Clinton 08

    May 7, 2008 10:43 am at 10:43 am |
  9. Midge from Ohio

    It's too bad she doesn't have people on welfare throwing the tax payers money in her direction.

    May 7, 2008 10:43 am at 10:43 am |
  10. JoJo

    I'm also from Florida I really don't care that my vote don't count because my state DIDN'T FOLLOW THE RULES. Simple as that, how about I rob a bank, I shouldn't get arrested because I didn't follow the rule. There is your logic, and don't say its different because that is completely unrelated, to who? Because to me it is the same rules are rules if you break them you pay the consequences.

    May 7, 2008 10:44 am at 10:44 am |
  11. Nikita

    We, the people, are so proud of Hillary Rodham Clinton! In our midst is a rare individual who will serve this country with dignity. She is beautifully brilliant on economic policy and a nation builder. Hillary listens and learns and knows America. She is exactly what this country needs. Hillary will be one of America's best presidents.

    May 7, 2008 10:44 am at 10:44 am |
  12. ATL Gal

    If she wants to keep loaning money, maybe she can loan some to the American citizens so we can all afford to fill up our gas tanks.

    May 7, 2008 10:45 am at 10:45 am |
  13. Donald from SC

    Hey Hillary,

    Maybe it is time to start listening to those economists?!

    May 7, 2008 10:45 am at 10:45 am |
  14. Independent

    She cannnot manage her own campaign, and wants to run the country? It is time to unite behind the real nominee – Barack Obama!

    May 7, 2008 10:47 am at 10:47 am |
  15. ATL Gal

    "Good grief woman have you paid your campaign debts yet or is this just more money already spent? "

    My guess its just more money she has already spent. I don't know about the rest of you, but I sure as heck don't want this woman trying to balance our country's budget (although from the looks of it she probably won't be any worse at it than Dubya).

    May 7, 2008 10:47 am at 10:47 am |
  16. Juan from L.A.

    She's rich and its saddens and makes me sick she is trying to 'fight' for the poor. Please!!! $109 million that's all I have to say...ohh and please get out. Save some face. Thank God the Clinton machine is over and whoever wins in November won't be her or her husband. Sickening campaign. As an independent that leans towards democrat I'll rather have McCain than her.

    May 7, 2008 10:47 am at 10:47 am |
  17. Ben

    She could have given 30 dollars to over 200,000 people with that money.
    I thought that was what the people needed.

    May 7, 2008 10:47 am at 10:47 am |
  18. rose, texas

    i know alot of people will be crying come nov. 4 more yrs. of bush and you'll asked 4 it. i can not stand to watch cnn when they have that jamal on there. i know that i won't be voting r my family. the reason obama has all that money is oprah

    May 7, 2008 10:48 am at 10:48 am |
  19. S.B. Stein E.B. NJ

    This is beginning to look really bad for Clinton that she can't raise the money needed for operations. Maybe she should think about withdrawing from the campaign. Given her ego, I don't think that Clinton will do that. I guess it isn't surprising that Clinton started asking for money right after the limited win in IN (saw on First Read from MSNBC). She had to do that right after the PA win as well.

    May 7, 2008 10:48 am at 10:48 am |
  20. Bob Stephens

    Can you imagine what our economy would be like if Hillary managed to become president? She stated the other day that she doesn't listen to economists, and now she has to borrow millions of dollars to run her own primary campaign.. Hillary, put a lid on it... it's over.......

    May 7, 2008 10:48 am at 10:48 am |
  21. Michigan for Obama

    Don't worry about HIllary, Bill will earn that money back in no time through some questionable deals with foreign companies, and we will never be any the wiser. As to the remarks posted by "Texan for the Naked Truth", you are wrong about Obama-he followed the rules and did not campaign in Florida, and along with other admirable candidates, removed his name from Michigan per party rules.

    May 7, 2008 10:48 am at 10:48 am |
  22. Brian

    This is what we in the common sense biz like to call "throwing good money after bad."

    May 7, 2008 10:49 am at 10:49 am |
  23. WE ARE UNITED!!!!

    I truly want to reach out to all Clinton supporters. As a DEMOCRAT first, and an Obama supporter second, this country truly needs a new direction in politics. Now, I know there will be those who will absolutely not vote for Obama, but then there are those who want a Democrat as the next President; like myself. Do what is right for the country, put aside all the hate that has built up over the past couple of months and think about your future, and that of your children/grandchildren. Remember, a vote for McCain is a vote for another 4 years of the HELL this country has faced under George W. Bush, and 4 more years our service men and women will be in Iraq with no exit strategy. Lastly, we are AMERICANS before anything else.

    May 7, 2008 10:49 am at 10:49 am |
  24. shirley

    How much interest is she charging the American public for the loans she made to her campaign? Hillary voted for the war in Iraq and in spite of her professed change of mind went on to say she would 'obliterate' Iran. I expected a woman President would exhaust every avenue before sending our Son's to war. Hillary is not that woman, she is a 'good ole boy' in a pants suite.

    May 7, 2008 10:49 am at 10:49 am |
  25. Roger

    Obama needs to bow out gracefully.

    May 7, 2008 10:49 am at 10:49 am |
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