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. sasha

    I will be giving Hillary more money today. I will NEVER vote for Obama. He and his wife are destroying the country. He is not electable and almost 50% of Hillary supporters will NOT vote for Obama!!! No matter how MSNBC pushes the Obamas in our face the media should not decide our elections. Just wait sometime between now and October Obama will be exposed!

    May 7, 2008 09:47 am at 9:47 am |
  2. Michele, WV

    Oh my...Hillary..you would rather bleed your bank than step down and exit stage left??? WOW you are a very desperate woman..I think it's over for you honey...

    May 7, 2008 09:47 am at 9:47 am |
  3. Martha

    The news media has carried a headline about Limbaugh's so-called Operation Chaos. Right to vote is a constitutional right. Fraudulent voting practices is a federal criminal offense. This goon is interferring with a federal process and why is the media facilitating this corruption by analyzing and giving credence to this mess.

    May 7, 2008 09:47 am at 9:47 am |
  4. lisa in charlotte, NC

    i am over adding to the divide.

    i will say though that this is a sad day for Hil and I feel for her.

    will she continue on – limping – needing to figure out monies, etc? YES she will and she is allowed the right to do so – as she will probably do well in KY and WV – but it is putting off the inevitable and only she can see that...

    May 7, 2008 09:48 am at 9:48 am |
  5. Isaac

    This lady needs to go to Gambler's Anonymous. Seriously. The more the odds are against her, the more she doubles down.

    May 7, 2008 09:48 am at 9:48 am |
  6. wyoming dem

    If I was Chelsea I'd be pissed ....she's blowing her inheritance.

    May 7, 2008 09:48 am at 9:48 am |
  7. Chris

    I really think this woman has fell and bumped her head. Does she have scally legs. Something is not right with her. She hardly acknownledge her husband. I fell for the daughter,can she find a husband,not a father firgue and get married and move away from them two crazy eggheads.

    May 7, 2008 09:48 am at 9:48 am |
  8. Bobby

    I would like to congratulate BARACK OBAMA for a convincing victory in North Carolina and almost winning Indiana! Even though this article is about Hillary, Barack Obama deserves praises for running a great campaign and I would like to thank the millions of fellow supporters who have offerd money instead of him loaning himself money!

    Obama 2008-2012

    May 7, 2008 09:48 am at 9:48 am |
  9. David Goldman for OBAMA

    RUNNING HER CAMPAIGN THE WAY

    GEORGE IS RUNNING OUR COUNTRY, IN THE RED.

    May 7, 2008 09:48 am at 9:48 am |
  10. bill in houston

    Re Name this article

    "Saudi Arabia trying to buy another president"

    May 7, 2008 09:48 am at 9:48 am |
  11. Hillary for LIFE!

    FOREVER! SHAME ON YOU CNN!! SHAME ON YOU... Why don't you report on BARACK HUSEIN OBAMA!! AAAHHHH!

    May 7, 2008 09:48 am at 9:48 am |
  12. Steve from Alabama

    NOW THAT IS DEDICATION AND LOVE FOR THE AMERICAN PEOPLE! ANYONE THAT DOESN'T HELP HER OUT WILL DESERVE WHAT GETS FORCED ON THEM....RADICAL, FLAG-HATING,WHITE-RACIST CHURCH GOING ,BAHAMA OBAMA. HIS IDEA OF FOREIGN RELATIONS WILL BE VACATIONING ALL OVER THE WORLD AT THE TAX PAYERS EXPENSE.

    May 7, 2008 09:48 am at 9:48 am |
  13. sand

    All you Obama supporters need to open your eyes, he is not suited to run this country. what in the world is wrong with you??!!!!!! For gosh sakes he wont even honor the American Flag, are you all nuts??!!!! He is never going to win, if he is the Dem nom., McCain will win and then we have another Rep., in the White House. Hillary is the only one that can win again McCain. And you mention her money..WHERE DO YOU REALLY THINK ALL HIS MONEY IS COMING FROM????? IT IS NOT FROM HIS YOUNG COLLEGE KIDS AND HIS OTHER SUPPORTERS, IT HAS TO BE COMING FROM OTHER SOURCES...FIGURE IT OUT!!!!
    VOTE HILLARY

    May 7, 2008 09:48 am at 9:48 am |
  14. Florida democrat

    DEMOCRATS, IT IS TIME TO UNITE!!!

    The superdelegates will start coming out for Obama now. We need to UNITE. Let us now forget the bitter fight and stand tall for our party, for the country, for the American people.

    May 7, 2008 09:48 am at 9:48 am |
  15. Stephen

    Don't forget... after last night, she can no longer claim more popular vote count... even if she counts Michigan and Florida (and zero votes for Obama in Michigan) she still trails in popular vote! (This from realclearpolitics.com popular vote totals).

    Save yourself some money... drop out...

    May 7, 2008 09:48 am at 9:48 am |
  16. NY Girl

    This just proves people have lost their faith in her. She should withdraw from the race and help to repair the rift amongst the Democratic party, by showing her support for Obama.

    Obama '08

    May 7, 2008 09:48 am at 9:48 am |
  17. buck christmas

    Somebody take off the ruby red slippers and let's move on...

    May 7, 2008 09:49 am at 9:49 am |
  18. Justice

    Is this who we want running our economy?

    May 7, 2008 09:49 am at 9:49 am |
  19. Hillary!!!

    Do all you Obama Fanatics really think he's going to be President?..... No Way!

    May 7, 2008 09:49 am at 9:49 am |
  20. AKRON, OHIO OBOMA SUPPORTER

    WAY TO GO OBOMA. COME ON SUPER DELEGATES LETS GET THIS OVER WITH OBOMA NEEDS TIME TO GET HIS GENERAL ELECTION TOGETHER.

    May 7, 2008 09:49 am at 9:49 am |
  21. Rick

    Wonder why they won't release the total fund raising since last night?? I doubt anyone would be impressed with a number that probably doesn't reach 6 figures.

    May 7, 2008 09:49 am at 9:49 am |
  22. bill in houston

    Lesbians for Billary 08!

    May 7, 2008 09:49 am at 9:49 am |
  23. Dwight

    So sad, one of the three will be elected. I think I will become a Hermit for a few years and then see if the counrty is still here. None of the above looks beter as an answer every day.....Thats an idea, maybe no Pres for four years..we might decide we do not need one and just save the time and effort.

    May 7, 2008 09:49 am at 9:49 am |
  24. Mike

    Can she really be this fixated on buying the White House? And for someone to be able to loan their own campaign millions at a time seems very much to fit the elietest mold she tried to throw on the guy who just paid off his college tuition a year ago. Shes out of touch. The fat lady has sung.

    Obama 08

    May 7, 2008 09:49 am at 9:49 am |
  25. Joe Justice

    Maybe she can sell some of the furniture and dishes she STOLE from the White House when she and Bill left.

    May 7, 2008 09:49 am at 9:49 am |
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