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. Michelle in West Virginia

    I wish I could loan myself $6.4 million...this lady has no right to call anyone an elitest, are you kidding me?

    May 7, 2008 11:38 am at 11:38 am |
  2. Anastasia in Obamaha, NE

    Good bye. Mrs. Clinton.

    May 7, 2008 11:38 am at 11:38 am |
  3. caywen

    Only the elite can loan themselves 11 million bucks.

    May 7, 2008 11:39 am at 11:39 am |
  4. Jason - KY

    NOMORE OBAMA BITTER,

    I guess you did not get the memo, the people that are voting for Clinton were going to vote Republican in Novemeber anyway. You may have been the only one thinking that you were a democrat in the whole bunch.

    May 7, 2008 11:39 am at 11:39 am |
  5. Anon

    To NAKED TRUTH:

    The hate in you is amazing. Please get some help before it is too late.

    May 7, 2008 11:39 am at 11:39 am |
  6. bigben

    One question obamabots. Name one thing he done in the senate that equals change. Thing is Hillary has the record of working across party lines , not noobama.

    May 7, 2008 11:39 am at 11:39 am |
  7. KC Atlanta

    This news just came in seconds ago,another formal clinton's super-delegate defecting from clinton to obama,urging clinton to quit the impossible race.

    May 7, 2008 11:39 am at 11:39 am |
  8. hrao

    The Obama supporters may end up costing the party the General elections by using foul language and baring their ugliness. Hillary is running because other democrats who have not voted want to vote. As a OBAMA backer it is not your money that is being spent by her. The votes of Hillary supporters are crucial to win the in November. If this type of barrage continues from the Obama camp some of the supporters of Hillary will vote for McCain. Obama has not won big states where there are a significant number of non black voters. Black votes have helped in the South – Even if a few hundred Hillary backers may make a difference for Obama's election. So some of you may want to calm down – you may have won the battle but end up losing the war.

    May 7, 2008 11:40 am at 11:40 am |
  9. SDW

    Today is such a grand day! Sen. Obama whipped her butt and almost won in Indiana. She really thought she had it in the bag, poor thing! And for her to declare that she is going to keep going, well she is just delusional. She must like spending money and wasting it! She won't get the nomination and it shouldn't have gone on this long. She NEVER could win, but the media giving false illusions that she actually had a chance! And she's so stupid, she believed her OWN hype! I don't feel sorry for her one bit, after the way she tried to humiliate Sen. Obama with her nasty, dirty self! But the voters have spoken, thank GOD! And for those who support her who say they will vote for McCain, then you are pure fools! You think things are tight now, they will be GONE if he gets in there! And you won't have nobody to blame but yourselves! Sen. Obama beat her fair and square. He didn't steal this election, which is what she is trying to do to him. He didn't humiliate her last night, (he could have) but has always risen above all the dirt that she has tried to throw his way. And to her supporters who have a problem with Sen. Obama being able to attract the black vote, well, they must remember, she HAD the black vote. Blacks didn't come over to Sen. Obama's side until her HUSBAND made that Jesse Jackson remark, offending millions of black voters. And I'm here to tell you, if she thinks she can beat McCain, think again! No democratic presidential nominee has ever gotten into the WHITE HOUSE without the BLACK VOTE! And that includes her HUSBAND! So, go away, now Hillary. I'm tired of looking at your face!

    May 7, 2008 11:40 am at 11:40 am |
  10. Proud American

    Save your money Hillary.

    May 7, 2008 11:41 am at 11:41 am |
  11. Venus

    Ha,ha,ha,ha,ah! I just freaking love it!

    I knew she didn't raised $10,000-million dollars after her small win in Penn-State!

    Thank you North Carolina and Indiana!

    Hillary ONLY WON Indiana by 2%!

    Go Obama!

    May 7, 2008 11:41 am at 11:41 am |
  12. HD

    Out here in rural America, we call it throwing money down a rat hole.

    May 7, 2008 11:41 am at 11:41 am |
  13. Nichelle

    Who is going to pay these loans back when she does not win? Stop wasting the DNCs money.
    BTW- The only reason Clition is polling high against Mccain is because the Republicans have not eaten her alive in the media yet. She has already pulled out all they could on Obama. That stuff is old news now. The republicans would love to have Hillary, to drag her name through the mud. Then we could see who would poll high then.

    May 7, 2008 11:41 am at 11:41 am |
  14. Sharon Minnesota

    Investigate Barack Obama's donations. Where did all his money come from? Where's the list of donors? Investigate the Gary Indiana voting irregularaties. Investigate Barack Obama's and his pastor subversive activities with Farakahn against the USA.

    May 7, 2008 11:42 am at 11:42 am |
  15. DGH

    The vitriole spewing forth from the Obama supporters (or should I just call them Hillary haters) makes me so worred about our country. They seem far more concerned with blocking out a woman candidate, than electing the right person as President.

    May 7, 2008 11:42 am at 11:42 am |
  16. Miro74

    Its over. Get out and help uniting the party. And all you "life long democratcs" – vote for a democrat, do not talk trash about voting for McCain. Or are you really such democratcs???

    May 7, 2008 11:42 am at 11:42 am |
  17. truth_hurts

    americans keep your money in your pockets, the clintons aren't worth a spit.

    May 7, 2008 11:42 am at 11:42 am |
  18. Jack, NC

    Hillary can't get nominated, Obama can't get elected.

    Superdelegates should all get behind Hillary and make sure Dems win the election this year.

    May 7, 2008 11:43 am at 11:43 am |
  19. Kenneth

    Maybe she is planning on paying her loan off with her $600 stimulus check.

    May 7, 2008 11:44 am at 11:44 am |
  20. AMG

    Well...it looks tha we must start organizing "Democrats for McCain"

    May 7, 2008 11:44 am at 11:44 am |
  21. amarnath

    The general democratic populace's verdict has been pretty convincing. Is there any........ any bit of reason for Clinton to hang on.

    May 7, 2008 11:44 am at 11:44 am |
  22. Gerry

    It's time for Democrats to start healing and uniting against McCain.

    May 7, 2008 11:45 am at 11:45 am |
  23. A-Man

    CNN investigate this please. Are you going to tell me that she is not going to repay back all these loans from the 20+ million she has in cash that she is not allowed to use in the primaries. Is this not the same as using it, which is against the rules?

    May 7, 2008 11:45 am at 11:45 am |
  24. Marco

    talk about elitism ... you don't see Senator Obama reaching into his wallet and lending $11 million dollars to his campaign. and oh yeah, Senator Clinton is the "average American" ...

    May 7, 2008 11:45 am at 11:45 am |
  25. truth_hurts

    to all hillary supporters; give your money to your favorite charity!!

    May 7, 2008 11:46 am at 11:46 am |
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28