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. DemocracyNow2008

    Its over the Hill now use your own money to help those in need instead of on yourself and your campaign which will never now get the nomination.

    Hillary last night you knew it was over and we know aswell.

    May 7, 2008 09:52 am at 9:52 am |
  2. sasha

    Why is it okay for Obama supporters to say nasty , sexist and racist things about Hillary and her appearance and Nothing is Ever said about Obama's appearance or that of his wife?

    May 7, 2008 09:52 am at 9:52 am |
  3. sophia nyc

    If you are the only one contributing to your campaign, take a hint.

    May 7, 2008 09:52 am at 9:52 am |
  4. Sick & Tired

    The fat lady is humming loudly! The writing is on the wall!

    May 7, 2008 09:53 am at 9:53 am |
  5. KCBob

    Well, she is making history, win or lose, so I can see why she is staying in. The further she puses the easier it will be for the next woman candidate.

    May 7, 2008 09:53 am at 9:53 am |
  6. Jackie

    Hillary, Please save your money for the trial in the $17 million fraud suit that aims to expose an alleged culture of widespread corruption by the Clintons and the Democratic Party. Hillary! Uncensored – 6 Million Internet Views Stopped Hillary's Juggernaut‏ on Google. You will need it badly.

    May 7, 2008 09:53 am at 9:53 am |
  7. tampa florida

    Desperation is Expensive

    May 7, 2008 09:53 am at 9:53 am |
  8. Dana in north Carolina

    She should keep her money or better yet donate it to a worthy cause that would resonate with her blue collar worker constituancy. Throwing good money after bad at a hopeless proposition does not make sense for such a smart lady. Obama 08'

    May 7, 2008 09:53 am at 9:53 am |
  9. Sean

    Why would anyone want a President that has such a distorted view of reality? The rest of the world has realized Hillary has lost the nomination... now we're just waiting around for Hillary to figure it out. Sort of reminds me of how everyone knows Iraq and the economy is in shambles, but we have a President that refuses to see the reality of the situation.

    May 7, 2008 09:53 am at 9:53 am |
  10. Mark

    Wait, Hillary can afford to lend her campaign 11.4 mil and Obama is the elitist? I wonder how she's going to spin this?

    May 7, 2008 09:53 am at 9:53 am |
  11. Beth Stearns, Nokomis. FL

    How does she anticipate paying all this money off? Certainly not on the official Presidential salary! Further, Why does she want the office so badly? She's not getting my vote that's for sure.

    May 7, 2008 09:53 am at 9:53 am |
  12. steve

    Sen Obama`s impressive win last night was a repudiation of politics of personal destruction that the Clintons and Rethugs and MSM used against Obama through this campaign season.
    Just get it, YOU CAN`T STOP THE SUNRISE.
    It is light over darkness. It is hope over fear.
    The world is waiting for the next POTUS .
    SEN OBAMA IS THE ONE

    May 7, 2008 09:53 am at 9:53 am |
  13. Andy Stein

    Would people please stop complaining so much about biased coverage? This comes from all sides, and it's no more than transparent whining.

    May 7, 2008 09:53 am at 9:53 am |
  14. Jackson

    I really feel like this is the beginning of the end for her. I wanted to see her step aside but now I almost pity her. Good run, Clinton, but now is the time to heal the party.

    May 7, 2008 09:54 am at 9:54 am |
  15. Hank in PA

    Well, let's see, Elitism has NOTHING to do with bank account total. If I had 4 bil I would not be an elitist. Actually, it is the latte elitists who have made Obama so rich that he has unlimited funds.

    HIllary will continue and we will see what happens next! Maybe Obama will hit something even worse than the Wright speed bump.

    Is he electable in November? Many question it, but then. we will wait and see.

    I am proud to support Hillary Clinton.

    May 7, 2008 09:54 am at 9:54 am |
  16. sharon from CT

    how much more will she have to loan herself to make it through the primaries? geesh. She will not able to raise the $ she needs after so narrowly winning IN, and losing NC so big.

    she damaged her credibility with the gas vacation tactic – another "lie" to the American people.

    good-by Hillary. leave now & save yourself big bucks.

    Obama 2008

    May 7, 2008 09:54 am at 9:54 am |
  17. not her please

    Sasha, give her a hundred bucks for me too! make it a thousand.!!

    May 7, 2008 09:54 am at 9:54 am |
  18. Fla Sam

    The time has come for her to throw in the white towel. The undecided Super Delegates need to cast their votes now so we can re-group as a party and take on the Republican Machine.

    Yes we can!
    Obama 08

    May 7, 2008 09:54 am at 9:54 am |
  19. NC Mandy

    Were the terms of her loan sub-prime?

    May 7, 2008 09:54 am at 9:54 am |
  20. Ed, Santa Fe NM

    Ya Blue Collar Hillary loans herself millions of dollars for a losing campaign... real fiscal responsibility in the tradition of Bush...

    GO AWAY, HILLARY... YOU LOST

    May 7, 2008 09:55 am at 9:55 am |
  21. Philip

    You have lost:

    Money,
    Votes,
    NC,
    your big edge in IN,
    and any gain you made in PA.

    Get Out, GET NOW! YOU SELFESS LITTLE PERSON!

    May 7, 2008 09:55 am at 9:55 am |
  22. Aaron

    she lost. get over it.

    May 7, 2008 09:55 am at 9:55 am |
  23. mahya

    OH MY GOD!!! IT IS OVER HILLBILLY GO TO SLEEP. OBAMA 08 AND HILLARY OH NEVER.

    May 7, 2008 09:55 am at 9:55 am |
  24. Steven

    We've tolerated her prolonged run in this race long enough. Now it is time for Hillary to drop out of the race. At this point, if she continues, she is only hurting the Democrat Party and her political career.

    It's over for Hillary Clinton.

    May 7, 2008 09:55 am at 9:55 am |
  25. ajks

    And her supporters think Hillary is a good candidate to handle our economy? She has proven the opposite by not being to handle the economics of running a campaign.

    May 7, 2008 09:56 am at 9:56 am |
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