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. PhillyNola, New Orleans, LA

    When it's all said and done, was it really worth it? Definitely not.

    May 7, 2008 10:50 am at 10:50 am |
  2. Kel in Auburn, AL

    Yikes. She can't even manage her own multi-million campaign? What about the multi-trillion US economy? I don't know about Hill, folks..

    May 7, 2008 10:50 am at 10:50 am |
  3. dtwynn

    Aren't you elitist if you can loan yourself 11.4 mil?

    May 7, 2008 10:51 am at 10:51 am |
  4. Eric D

    Well, if Obama gets the nomination, count me and my family out. My vote will be for mccain.

    May 7, 2008 10:51 am at 10:51 am |
  5. Chut Pata

    Running a campaign on deficit-budget? Well then she might as well be adding deficit to American economy once she is elected president and goes to war with Iran.

    May 7, 2008 10:52 am at 10:52 am |
  6. brian

    I'm getting really turned off by the smug Obama supporters. They remind me of GW Bush and they kind of scare me.

    May 7, 2008 10:52 am at 10:52 am |
  7. G

    Please bow out now, and divert your efforts to raising money to pay for education in the US.

    May 7, 2008 10:53 am at 10:53 am |
  8. catjax

    I am now voting for McCain..so are the people here in Florida.

    May 7, 2008 10:53 am at 10:53 am |
  9. independant

    Power is a powerful aphrodesiac , especially when it leads to " a pot of gold" as Bill Clinton found at the end of his term.

    May 7, 2008 10:53 am at 10:53 am |
  10. Moses, Ca.

    Hillary supporters, I think you should give Hillary some more money. Once you do that,explain how you need some help to pay our bills and keep your homes. If you can afford to keep giving her money go ahead.

    May 7, 2008 10:54 am at 10:54 am |
  11. Joseph, Los Angeles

    OK Obama supporters; Be nice... We have to bring the party together. This fight is over. We are going to get our country back for all of us!

    Obama 08

    May 7, 2008 10:55 am at 10:55 am |
  12. voter in AR

    MAN! These Clinton supporters seem so "bitter"! lol

    May 7, 2008 10:56 am at 10:56 am |
  13. Hmmmm. - Chicago

    wyoming dem May 7th, 2008 9:48 am ET

    If I was Chelsea I'd be pissed ….she's blowing her inheritance.
    ---------------------

    Thanks for the Chuckle :))

    May 7, 2008 10:56 am at 10:56 am |
  14. rose, texas

    obama will never be able 2 beat mccain, then what is going 2 happen 2 all those obama supporters, that r full of hatred. what has become of r country.

    May 7, 2008 10:56 am at 10:56 am |
  15. Cynthia St. Louis

    I agree with Nina that it is VERY tacky to ask for campaign money from a crowd that Hillary has been talking to endlessly about working to help them "save" money due to the gas tax holiday she and John McCain are proposing.

    Perhaps she is hoping the $30.00 or so a family might "save" this summer should go to her campaign coffers?
    OBAMA 08!!!!

    May 7, 2008 10:57 am at 10:57 am |
  16. Sur Min

    I watched last night CNN news for Democratic primary election report and commentaries as well Obama and Clinton victory speech. I am very disappointed Obama who is running for the United State president and he thinks he is won the primary. However, I think he does not have a heart for every one in his mind. He did not mention a word about the Cyclone disaster in Burma and thousands of people died and 40,000 peoples are missing from the disaster. I think he does not have a global leader for a the United State president . He also talking about the changes but what is "ISSUE" about change that everybody crazy about him. I am very concerned for the future of US.

    concerned citizen

    May 7, 2008 10:57 am at 10:57 am |
  17. Joe Reg

    She has only herself to blame.

    Go Obama Go!!!

    May 7, 2008 10:57 am at 10:57 am |
  18. juang

    the pundits will never question her about this.

    How can she fix the economy when her campaign is in such financial trouble?

    May 7, 2008 10:57 am at 10:57 am |
  19. Maria

    Doesn't sound like shehas a good economic plan. Is this how she will solve our county's economic woes?

    May 7, 2008 10:58 am at 10:58 am |
  20. Eric D

    I guess my previous comment wasn't good enough. Bottomline, McCain gets my vote if Hillary drops out. So stay strong Hillary!

    May 7, 2008 10:59 am at 10:59 am |
  21. Carl

    If she is loaning her campaign these funds, how and when does she start paying off her debt? Of the ten million she claims she raised the days following the PA primary, what percentage are her personal funds?

    May 7, 2008 11:01 am at 11:01 am |
  22. beclear

    Boy, it's sure a good thing she decided not to listen to those economists. Clearly, as someone who is running her campaign into debt over and over and repeatedly having to offer personal loans, SHE knows better than the experts. And surely, as a multi-millionaire, she knows poor people's struggle better than Obama, the elitist who grew up on food stamps and paid his way through college with loans.

    May 7, 2008 11:01 am at 11:01 am |
  23. Candel

    Want to wipe out the national debt? Have the tabloids CNN-MSNBC pay the treasury for all the free publicity they have given Borack Obama.

    May 7, 2008 11:01 am at 11:01 am |
  24. Mike in Minneapolis

    Go Obama! Break her bank and her back! she probably got all that money she has by ill gotten gains anyway.

    May 7, 2008 11:03 am at 11:03 am |
  25. Daryl from Seattle

    Man, Hillary is like a gnat that you just can't keep from buzzing around you! Why won't she just go away! It's over, it's been over.

    OBAMA 08

    May 7, 2008 11:04 am at 11:04 am |
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