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. Ambrose

    No! She raised $6.4 million in less than 24 hours after her victory in Indiana last night. She will now start saying the truth and being sincere, I guess.

    May 7, 2008 12:06 pm at 12:06 pm |
  2. Grace

    Good for her. She has 103 millions more to blow off. Please don't ask anyone making less than $100,000 to chip in. It is too costly & unfair for the poor to contribute her egotistic road to nowhere.

    May 7, 2008 12:06 pm at 12:06 pm |
  3. Allen deLuca - Florida

    Chee, wish I had $6.4 million to loan to myself.

    May 7, 2008 12:06 pm at 12:06 pm |
  4. michael

    honestly, i am impressed by her willingness to put her own money into it. it speaks alot abt how convicted she is abt this race. go hillary!

    May 7, 2008 12:07 pm at 12:07 pm |
  5. Dan

    I will NEVER vote for Obama. Until he has the total delgates needed she should continue to fight!

    May 7, 2008 12:08 pm at 12:08 pm |
  6. Sam in Indiana

    Wait...she wants to buy herself the presidency...and when she loses she wants Obama to pay off her loan??? That is ludicrous.

    May 7, 2008 12:08 pm at 12:08 pm |
  7. Diane

    I hope suppliers in the next few states make her pay in-cash and up-front before they find themselves out-of-pocket when her campaign finally ends and she declares herself bust. There are still people in Iowa waiting to be paid, 5 months later.

    May 7, 2008 12:08 pm at 12:08 pm |
  8. Enough

    What is it with this woman and her ego that will not allow her to exit gracefully? Now her only motives are to damage Barack – she has no chance of winning – her campaign is broke – what's the point?

    May 7, 2008 12:08 pm at 12:08 pm |
  9. John Tighe

    Hillary is so desparate for money she's thinking of marrying Mit Romney! Hey, he's a Morman; it could happen!

    May 7, 2008 12:08 pm at 12:08 pm |
  10. Jeff

    Hillary is the most qualified to be president.

    Voting for Obama is guaranteeing that McCain will win.

    Wake up people, there's still time!

    Obama does not know what he's doing and is preying on the good natured spirit of Americans and Hillary knows this!

    Go Hillary!

    2008!

    May 7, 2008 12:08 pm at 12:08 pm |
  11. John

    The only reason she put up with Bill's playing around and ran for NY Senator was to become President one day. She will not quit and Bill will support her all the way to the political grave. She is digging that grave not only for herself but her party. I also wonder about the money. Would you risk a million dollars of your own money to be awaded a 4 year , 50,000 dollar contract? Does anyone else smell fish???

    May 7, 2008 12:08 pm at 12:08 pm |
  12. Jim K in Conn

    She won't give up. It's all about the power. Pretty pathetic if you ask me.

    May 7, 2008 12:09 pm at 12:09 pm |
  13. Carolyn

    What is she planning on doing...Buying here way into the White House. She can't manager her "own" campaign. How can she say she can manage the ecomony. Come on Hillary supporter take the blinders off. We need to unite behind Pres. Obama!

    May 7, 2008 12:09 pm at 12:09 pm |
  14. scott

    Thank god for all the gang money from the Lippo Group.

    Hillary, why don't you explain to everyone who the Lippo Group is and how much money they have given you and Bill ?????

    Well, the Lippo group is a bunch of thiefs and drug lords that have a habit ( so to speak ) on loaning the Clintons money..........

    May 7, 2008 12:09 pm at 12:09 pm |
  15. Danny

    Voter fraud in IN and NC some black people votes many time need to check it out DNC. Look Lake County some black people live in Chicago
    still vote in there this is fraud.

    May 7, 2008 12:09 pm at 12:09 pm |
  16. Terry in Fl

    Don't quit Hillary! Don't give up! I will send more money when I can. The hard working, disable and elderly don't have as much money as Obamas supporters but you are our champion! We will NEVER vote for barack obama! We NEED you to keep fighting! You are the ONLY hope for our party! If You quit or lose I will go Republican before supporting the choice of the muslim terrorists!

    May 7, 2008 12:09 pm at 12:09 pm |
  17. notohil

    why not just loan it to hurting hard working americans, give us few cents relief in the gas pump

    May 7, 2008 12:09 pm at 12:09 pm |
  18. Michael

    People,

    Enough with the anti Clinton talk. We have won. All you are doing now is angering her supporters. Please try to be more gracious.

    May 7, 2008 12:09 pm at 12:09 pm |
  19. carmen

    Is this amount included in the 10 million they supposedly raised right after Penn? it wouldn't be like them to mislead the public would it?

    May 7, 2008 12:09 pm at 12:09 pm |
  20. Bill

    It must be nice to have that kind of cash on hand, Oh-I forgot, shes 100,000 dollars rich!!!!

    May 7, 2008 12:10 pm at 12:10 pm |
  21. vic nashville,Tn

    She is spending her own money what’s bother you all
    Can you all shut up
    Hillary 08 or Mc Cain 08

    May 7, 2008 12:10 pm at 12:10 pm |
  22. brad

    Did she take the loan out against her 401K plan? that's not even vice president material. OBAMA '08!!!!!!

    May 7, 2008 12:10 pm at 12:10 pm |
  23. hillarysupport

    Hilary, dont give up dont give up still fight. Obama is nothing

    May 7, 2008 12:10 pm at 12:10 pm |
  24. Matt in Dallas

    Hillary should just donate that money to charity instead of her own, doomed campaign. I have never seen that much money WASTED at one time!

    May 7, 2008 12:11 pm at 12:11 pm |
  25. Gary Chandler in Canada

    Her next big mistake??? She will now press for the vice presidency!!!
    Everbody, excpept her, knows that is a stupid idea.

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