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. Peaceful Breeze

    Hillary is LOANING her campaign the money, to be paid back with interest. She will be hitting up her supporters to pay off her investment.

    May 7, 2008 11:47 am at 11:47 am |
  2. lou

    This race is over...The fat lady is warming up her voice....She'll stick around to fund raise,but you would all be idiots if you gave these crooks any more money....Obama 08 and NO Hillary.

    May 7, 2008 11:47 am at 11:47 am |
  3. Slwhndfan

    She's loaned herself $11.4 million and HE'S an elitist?

    May 7, 2008 11:47 am at 11:47 am |
  4. Archie

    Anybody catch Bill's act during Hillary's speech last night? The guys out in lala land. Give it up Bill, the country doesn't need your ego trip anymore. It's time for a new beginning.

    May 7, 2008 11:47 am at 11:47 am |
  5. sophia nyc

    There's a problem if you're the only contributor to your campaign.

    May 7, 2008 11:48 am at 11:48 am |
  6. Larry

    Talk about elitist. Not many common folk can pull $6 mil out of their checking account.

    May 7, 2008 11:48 am at 11:48 am |
  7. countrygirl

    listen up all your Hillbillies out there, Barack is tha man!!!

    May 7, 2008 11:48 am at 11:48 am |
  8. victor

    Bob do yourself and everyone else a favor don't call yourself a democrat. the party doesn't need people like you at all.

    May 7, 2008 11:53 am at 11:53 am |
  9. Ted

    Her campaign spends about $1 million/day. I hope she has another book in the works as the donations are now in the slim to none column. Maybe she could get a loan or at least some advice on how much to write her own checks for from Mitt Romney. She seems to be on good terms with the GOP and their playbook,

    May 7, 2008 11:54 am at 11:54 am |
  10. Hillary Will Win

    LOL Obama only won NC because of the African American support. If it wasnt for the 33% of them Clinton would have taken NC.

    May 7, 2008 11:54 am at 11:54 am |
  11. Chic

    If it's illegal for an individual to give more then $2,300 how can she keep giving herself millions?

    is this legal?

    May 7, 2008 11:54 am at 11:54 am |
  12. LT for Obama

    Barack Supporters – Let's all take the high road and stop slinging insults at her. She tried and she failed.

    The funny thing is if she had just stuck to the issues and stayed on the high road too, she most likely would have won by now. Getting down and dirty in the mud when you see that the public wants to see change does not win you the big prize at the end.

    May 7, 2008 11:54 am at 11:54 am |
  13. RYAN

    LOL..LOL Imaginary queen has lost it again................

    May 7, 2008 11:56 am at 11:56 am |
  14. Pat

    Limbaugh,s Operation Chaos won Indiana for Clinton, without it she would have lost!

    May 7, 2008 11:56 am at 11:56 am |
  15. John, OH

    What this proves is that she's running out of money. The race is over.

    May 7, 2008 11:56 am at 11:56 am |
  16. KD

    A good indication of support is how much money is being donated to your campaign. Clearly Hillary Clinton is one of the few people that still supports her... It's time to call it what it is Hillary.

    May 7, 2008 11:56 am at 11:56 am |
  17. Venus

    And just think... all of her supporters who can't afford gas, food and she is asking for more money!!!

    Go Obama!

    May 7, 2008 11:57 am at 11:57 am |
  18. Jeffery Lovingood

    Where is all this money coming from that Hillary is loaning herself.... There should be some legal documents on this.

    May 7, 2008 11:57 am at 11:57 am |
  19. Rich

    The only thing bigger about Hil liar y than her ego is her pantsuit.

    Drop out now.

    May 7, 2008 11:58 am at 11:58 am |
  20. tom

    As a one time Clinton enthusiast, there came a point where her campaign gave me a feeling of sadness. The feeling is now starting to turn to pity. In the name of personal dignity, it is time for Hillary Clinton to look reality in the face.

    May 7, 2008 11:59 am at 11:59 am |
  21. domestic

    Finally a presidential picture of Hillary gets posted on CNN.

    May 7, 2008 11:59 am at 11:59 am |
  22. JS

    Interesting how she calls Obama an elitist and describes herself as one of the blue collar down home folks! How many blue collar folks have even 1 million dollars never mind 6 million dollars available to loan to yourself. Absurd!

    May 7, 2008 11:59 am at 11:59 am |
  23. mike

    Maybe she can repeal the gas tax to pay for it!

    May 7, 2008 12:00 pm at 12:00 pm |
  24. Kevin

    Look at the divide between blacks and whites. Obama is not electable.

    May 7, 2008 12:00 pm at 12:00 pm |
  25. Allan

    Don't give her any more money, it only encourages her.

    We need to starve the beast.

    May 7, 2008 12:00 pm at 12:00 pm |
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