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. LB

    Why wasn't this loan disclosed before yesterdays 2 big electrions? Another coverup try by the Clintons.

    May 7, 2008 11:04 am at 11:04 am |
  2. barackobama4prez

    why is she wasting her donors money? tsk tsk tsk...so much for fiscal responsibility.

    May 7, 2008 11:05 am at 11:05 am |
  3. Leslie

    To "Clinton Campaign Stole My Money". You are a liar, shame on you. This blog amazes me, all the hatred. Coming mostly from Obama supporters. This country is extremely sexist.

    May 7, 2008 11:05 am at 11:05 am |
  4. Mark

    Game Over!!!!!!

    May 7, 2008 11:06 am at 11:06 am |
  5. cj-delhi,ny

    I wish i could lend myself $100.00 dollars.

    May 7, 2008 11:06 am at 11:06 am |
  6. dwho

    Is this really right? If there is a cap for donation to political campaign fundraising, can a person especially the candidate donate/loan such a money? Had this been Obama what will the media say about his candidancy and electability? Besides, the amount is loan instead of donation. who is going to pay if she doesn't win?

    May 7, 2008 11:07 am at 11:07 am |
  7. Dusacre

    Please let Hillary make her own decision. I think that she should get out of the race, but she knows better than me about politics. I just want a united Democratic Party.

    May 7, 2008 11:07 am at 11:07 am |
  8. Russell

    Superdelegates, where are you? Step up and end her pain. She can't win. Chelsea, she's wasting your inheritance!

    May 7, 2008 11:07 am at 11:07 am |
  9. yeah for obama

    Just drop out Clinton. You have no chance. It's mathematically impossible. Unite around Obama and maybe some people may still respect you.

    May 7, 2008 11:08 am at 11:08 am |
  10. Addis - observer

    obama 08

    May 7, 2008 11:08 am at 11:08 am |
  11. Rona Smith

    This "loan-to-self" is just a reminder of her monomaniacal belief that she will prevail. Who else brought their checkbook to her party?

    May 7, 2008 11:08 am at 11:08 am |
  12. Ralph Nader

    She might as well loan me $6.4 million–I have just about as much chance of winning as she does.

    May 7, 2008 11:08 am at 11:08 am |
  13. Ron Seattle

    CNN= Clinton news network. Just say the word CNN,she looks like she is finished. CNN is the only network not putting the word out. "QUIT"

    May 7, 2008 11:08 am at 11:08 am |
  14. cory,fl

    that just shows how much she wants to win and how much she wants to help

    May 7, 2008 11:09 am at 11:09 am |
  15. Cammi317

    Don't worry, Hillary will bounce back. Her supporters will donate their rebate checks in lieu of doing those silly things such as buying food, gas, paying bills, etc. It will all be worth it when they begin seeing that .18 reduction at the pump next month.....NOT.

    May 7, 2008 11:09 am at 11:09 am |
  16. Ed, Santa Fe NM

    Stupipd Hillary is her play for power will hand the election to McCain.... what a stupid STUPID woman!

    May 7, 2008 11:10 am at 11:10 am |
  17. Foreign observer

    Hillary supporters should understand that soon Hillary will become the strongest supporter of B.O. !!!

    May 7, 2008 11:10 am at 11:10 am |
  18. Michelle

    So she's the new Mitt Romney. Except (as any smart business person), he knew when to drop out.

    May 7, 2008 11:10 am at 11:10 am |
  19. Brendose, Oceanside CA

    Hillary is going to show us how to balance a national budget by bankrupting her own campaign!

    Maybe you should listen to some economists.......Oh wait, you already pissed all of them off with your gas tax hoax!

    QUIT ALREADY! IT"S OVER!

    May 7, 2008 11:11 am at 11:11 am |
  20. Les

    All this demonstrates is that Senator Clinton is a disillusioned member of the Elite.

    May 7, 2008 11:12 am at 11:12 am |
  21. Sara

    Hillary is very similar to Bush in that she will not listen to reason. It's time to bow out gracefully Mrs. Clinton.

    May 7, 2008 11:12 am at 11:12 am |
  22. Brenda Laird

    It's nice to know that Hillary can relate to the "common" hard working blue collar workers by loaning herself 4.6M to fund her campaign. How many of us can do that?

    May 7, 2008 11:12 am at 11:12 am |
  23. cory,fl

    you know whats reaally sad, how much money they both have waisted, but he waisted 3 times as much as her, i guess money wins and not the person

    May 7, 2008 11:12 am at 11:12 am |
  24. BAFFLED

    Today I read an article on the internet regarding Hillary's former pastor being sentenced to three years in prison for inappropiately touching a 7-year old little girl. How about that? Isn't is ironic that this news has NEVER gone nationally? Especially since the media has focused continually on Rev Wright?

    It is amazing to me how american people still has that underlined prejudice. Politics in America.

    May 7, 2008 11:12 am at 11:12 am |
  25. Steve

    It's like continuing to put money in the slots after you've lost a fortune, hoping you'll come out ahead.

    McCain 08

    May 7, 2008 11:12 am at 11:12 am |
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