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. Brandy

    Isn't it about time for Hilly to shed a few more of her phoney tears as she puts on the 'Poor Hillary' act?

    May 7, 2008 12:11 pm at 12:11 pm |
  2. Cal Jim 2

    To whom it may concern, Please post my last comment, as I have supported Mrs Clinton for many yrs now, and truley believe in her. I think I have made an honest and to point comment. For you to censer me, because you don't agree with my opinion, is not proper. Why would you stop me from posting? last post about 9am pacific time.

    May 7, 2008 12:11 pm at 12:11 pm |
  3. Rick from Bowie

    This is doing her more harm than good. You look foolish running for the presidency and your campaign finances are in the red.

    This is downright foolish at this point!

    May 7, 2008 12:12 pm at 12:12 pm |
  4. hilary support

    Yes where Barack gets money of course from mafia

    May 7, 2008 12:12 pm at 12:12 pm |
  5. duck

    She's kind of like that guy who can't take a hint after he buys you a drink.

    May 7, 2008 12:12 pm at 12:12 pm |
  6. Lee WV

    She is self centered and is about the only one who believes that she can win.Obama has not had problems raising money.Doesn't that make her an elitist?

    May 7, 2008 12:12 pm at 12:12 pm |
  7. A,

    Hillary ran a strong campaign. She's not who we want this time. It's time to face reality, I pray we unite and tear down McCain in the fall.

    May 7, 2008 12:13 pm at 12:13 pm |
  8. Tracy

    She claims to be strong on the economy yet she can't manage the finances in her own campaign.

    Time to go home, Hillary. You've lost.

    May 7, 2008 12:13 pm at 12:13 pm |
  9. Dandelion.

    Hillary ran a strong campaign. She's not who we want this time. It's time to face reality, I pray we unite and tear down McCain in the fall.

    May 7, 2008 12:13 pm at 12:13 pm |
  10. Realist

    I'm a democrat who will vote for McCain or not vote at all, because I'm sick of all the nasty comments from the Obama supporters. He has it in the bag, but his supporters continue with their nasty, mean, downright hateful, cruel comments. They should be ashamed of themselves! Now they want the Clinton supporters to forget, forgive, and vote for Obama. Well, that's not going to happen!

    May 7, 2008 12:13 pm at 12:13 pm |
  11. Ulysse

    This is hardly the change at the bottom of the pockets of an elitist. I wonder how much money she would lend herself for the general elections. She does not need to ask money to others when everybody knows she is going down the drain anyway.

    May 7, 2008 12:14 pm at 12:14 pm |
  12. Rhonda

    Right before she admits defeat she'll pay herself back. That's what money she's begging for now will be used for. That's also why she can't quit yet, her campaign is in the red big time and she hasn't raised enough to pay herself back yet. As soon as she can pay herself back I predict she'll give up.

    May 7, 2008 12:16 pm at 12:16 pm |
  13. Raymond

    Clinton first, McCain second...

    May 7, 2008 12:16 pm at 12:16 pm |
  14. Tess, TX

    CNN is Obama supporters. What do you expect? All comments here have been selected to post from a most biased media! I will not switch to Fox News! Hope your chanel will go down the tube!

    May 7, 2008 12:17 pm at 12:17 pm |
  15. Tara

    It's seems like her incentive to stay in the race at this point is only to get her supporters to pay off her debt.

    May 7, 2008 12:17 pm at 12:17 pm |
  16. Cindy in Pennsylvania

    Go Hillary!

    Still won't vote for Obama no matter what happens. Not impressed.

    May 7, 2008 12:17 pm at 12:17 pm |
  17. shiroya

    can she lend me this money to start a home for desperate housewives?

    May 7, 2008 12:17 pm at 12:17 pm |
  18. Phil From VA

    Sharon Minnesota : Where did all his money come from?

    hahahaha, look at the millions of people donating to Obama. We are everyday people supporting him. Hillary, time to pack it up.

    May 7, 2008 12:17 pm at 12:17 pm |
  19. Karen

    Can we get together and unite. Obama is ready to be the next president. I also heard that Hillary is trying to have as many fundrasiers as possible to regain some of her money back. THis is a shame.

    May 7, 2008 12:18 pm at 12:18 pm |
  20. H. MacArthur

    Joyce, I am not African American, but let's not kid ourselves. Prosperity
    in the nineties was a result of the Genius of Alan Greenspan, and not
    Bill and Hillary.

    May 7, 2008 12:18 pm at 12:18 pm |
  21. Joanna

    Please stay with it Hillary....the Republicans will plow Obama under and we will be in the same place for the next four years....Please Please stay with it or go independent in the fall. YOu will win!

    May 7, 2008 12:18 pm at 12:18 pm |
  22. gem

    she is so obsessed with being in power.

    May 7, 2008 12:18 pm at 12:18 pm |
  23. Ernest

    Senator Clinton, you have a problem. Please save your money for retirement.

    May 7, 2008 12:19 pm at 12:19 pm |
  24. Richard Komi

    I Commend Mrs. Clinton for an energetic campaign but I think it time for her to be gracious and bow out .

    May 7, 2008 12:19 pm at 12:19 pm |
  25. Jack

    Can Clinton use the funds that she has raised for the general election to pay herself back?

    May 7, 2008 12:19 pm at 12:19 pm |
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