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. LT for Obama

    First it was $5mil now $6.4? Hillary, stop wasting your supporter's money. Please just let go, you will feel better when you accept the inevitable. This is not healthy for your or the party.

    May 7, 2008 09:29 am at 9:29 am |
  2. hakeemsdad, Florida

    What else does she need the $107 million for anyway?

    Go Billary continue to destroy the democratic party so OBAMA doesn't get elected. Since you already prepared your speech for November "see I told you Barack is not electable and I had nothing to do with it!".

    May 7, 2008 09:30 am at 9:30 am |
  3. Obama Nation

    One more Mitt Romney story.

    Its over Hillary. Get out...

    May 7, 2008 09:30 am at 9:30 am |
  4. Jamaal Kansas

    Hillary Clinton is done she is flat broke that brings her debt up to about 12 Million dollars this thing is over Democrat Unite around the strongest canidate and that is clealy Obama.

    May 7, 2008 09:30 am at 9:30 am |
  5. It's Time To Give It Up

    Hillery, it is time to give it up. You have ran a good hard race, but you can't win at this point. You have now loaned you camp 11.5 million dollars – you don't even have enough money to continue on in the other races. I just want to know why are you doing this? Please step back and take a hard look at what you are doing, please use this time to help unify the party.

    May 7, 2008 09:30 am at 9:30 am |
  6. silas

    This is ridiculous, just call it quit Senator Hilary Clinton

    May 7, 2008 09:30 am at 9:30 am |
  7. ralph tyler

    We already have a President that is in denial. We don't need another one.

    May 7, 2008 09:32 am at 9:32 am |
  8. Paul

    Electable, but broke? I wish I had that kind of "elite" cash running around. I think her loan is worth ~5 times Obama's net worth. $109 million has put her out of touch.

    May 7, 2008 09:32 am at 9:32 am |
  9. Nora, FLORIDA

    Done!! Charred, Grilled, Baked !!! How many ways can I say finished!!! To think that many is still trying to deem her as leader but I am sure that CNN and other media pundits will began to feel sorry for her and began to SPIN the what if SCENARIOS. LOL What a joke.

    If this would have been the other way around and Obama had been loosing, the DNC would have been pushing him strongly to drop out. Lets be real about that and yes once again Race would have been a HIDDEN reason.

    May 7, 2008 09:32 am at 9:32 am |
  10. Niel, NY

    looks like Bill have to give more speeches in favor of China, Columbia etc. to maintain $110 millions.

    May 7, 2008 09:32 am at 9:32 am |
  11. Whiskey

    no other intelligent person would

    May 7, 2008 09:32 am at 9:32 am |
  12. MC, Pa

    A gambler sliding into abyss.

    May 7, 2008 09:32 am at 9:32 am |
  13. Derrick in Houston, TX

    Someone's got to cover those debts. Hillary should really bow out gracefully and help unite the democratic party so that we can beat McCain in the general election. Who knows, maybe Obama will find a cabinet position for her but definetly not VP.

    This "im a fighter to the end" speech for her has grown tiresome. She will continute to talk bout these "disenfranchised voters" who are not disenfranchised. They voted. Their votes do not count. DNC has rules and regulations. Florida and Michigan disobeyed the law and had full disclosure of what the consequences would be. It would be unfair and make a mockery of the Democratic party if they allowed, in any way, their votes to be counted or to be seated at the convention.

    Hillarys camp needs to move forward and stop trying to beat this dead horse. But as we all know, she wont bow out. She will drag this out

    May 7, 2008 09:32 am at 9:32 am |
  14. Chris

    ouch..this is really bad...Just when you think the Clinton's can't get any lower, they have always managed to break the dam.

    Just quit Hillary. The math does not add up. Lets see how many supers are going to flock to Obama this week. Time to unite the party

    May 7, 2008 09:32 am at 9:32 am |
  15. Blake

    I have a feeling the heat from hillary supporters is about to simmer down now!

    May 7, 2008 09:33 am at 9:33 am |
  16. Sam

    I hope the super delegates will move decisively now and end the circus. I expect the worst kitchen sink now. There can only be one motivation for her. Destroy Obama at whatever cost!

    May 7, 2008 09:33 am at 9:33 am |
  17. Bob

    So that's how she managed to take in $10 million in 24 hours after the PA primary!

    May 7, 2008 09:33 am at 9:33 am |
  18. Joe

    This is getting ridiculous. It's clearly a fund raising tactic. She's done it before and supporters flock to give her more money. At this point, she's a bad investment. It's essentially Game Over for her.

    Hillary if you're listening, JUST QUIT gracefully and allow the democrats to focus on beating John McCain.

    May 7, 2008 09:33 am at 9:33 am |
  19. Dave

    Is this not a sign of fiscal irresponsibility? How can anyone vote for somebody who makes such terrible investment decisions?

    May 7, 2008 09:33 am at 9:33 am |
  20. Tom

    Too bad the common person affected by the economy that she supposedly cares so much about, can't loan themselves 6.4 million!! Talk about forked tongue!!

    May 7, 2008 09:33 am at 9:33 am |
  21. calvinator7

    I think this turkey is done!

    May 7, 2008 09:34 am at 9:34 am |
  22. Brenda, NC

    Well, it's her money. Where's the criticism for Obama spending so much money campaigning. It is disgraceful the amount of money he has spent.

    May 7, 2008 09:34 am at 9:34 am |
  23. Anonymous

    I was hoping she would make a graceful exit from the race; but the way things are going she may end up worse-off at the end! May common sense prevail!

    May 7, 2008 09:35 am at 9:35 am |
  24. Obama mama

    She is soooooo done. Her is ego is way too big for her to concede defeat, and the one thing that is making this fun is to see how deep of a hole she's going to dig herself before she bows out.

    OBAMA '08!

    May 7, 2008 09:36 am at 9:36 am |
  25. Jim

    when you are cheap enough to take dishes from the white house, you certainly don't loan yourself money – without someone else paying it back

    May 7, 2008 09:36 am at 9:36 am |
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