July 21, 2008
Posted: 03:40 PM ET
From CNN Political Research Director Robert Yoon (CNN) – Former Democratic presidential candidate Hillary Clinton’s campaign debt continued to grow after she suspended her White House bid — and included another $1 million loan by the New York senator to her own campaign, according to documents filed Sunday with the Federal Election Commission. Clinton reported carrying a total of $25.2 million in debts and self-financed loans at the end of June, up from $22.5 million one month earlier. The increase is due in part to an additional $1 million that the New York senator loaned the campaign out of her personal funds on June 30. Clinton now has loaned her campaign a total of $13.2 million — more than half the total debt. The campaign’s debts to outside vendors and creditors also increased from $10.3 million at the end of May to $12.0 million one month later. Part of this increase is likely due to spending related to the Puerto Rico primary on June 1 and the Montana and South Dakota primaries on June 3, as well as expenses incurred from shutting down her campaign operation.
The bulk of Clinton’s vendor debt is owed to the Democratic polling firm of Penn, Schoen & Berland. The firm was owed $5.3 million as of June 30, up from $4.6 million at the end of May. Clinton suspended her campaign and endorsed presumptive Democratic nominee Barack Obama on June 7. Since then, Obama has encouraged his contributors to help Clinton pay down her debt owed to vendors, including at one joint fundraiser on June 26 at a Washington D.C. hotel, where Obama and his wife Michelle each contributed $2,300 to Clinton. Those contributions did not appear in the Clinton campaign’s most recent FEC filing. Clinton had amassed a warchest of about $24.2 million as of June 30 that could have been used if she became the Democratic nominee, but under federal regulations, funds gathered for use in the general election may not be used to pay down debt from the primary season. Clinton has about $1.9 million in campaign cash that may be used to pay down her total debt. Filed under: Hillary Clinton |
The latest political news from CNN's Best Political Team, with campaign coverage, 24-7. Sign up for our twice daily Ticker emails. Got a news tip or feedback? For complete political coverage, bookmark CNNPolitics.com. CNN=Politics Screensaver
New in the Ticker
Follow us on Twitter
Categories
Popular Posts
|
||
|
CNN Comment Policy: CNN encourages you to add a comment to this discussion. You may not post any unlawful, threatening, libelous, defamatory, obscene, pornographic or other material that would violate the law. Please note that CNN makes reasonable efforts to review all comments prior to posting and CNN may edit comments for clarity or to keep out questionable or off-topic material. All comments should be relevant to the post and remain respectful of other authors and commenters. By submitting your comment, you hereby give CNN the right, but not the obligation, to post, air, edit, exhibit, telecast, cablecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comment(s) and accompanying personal identifying information via all forms of media now known or hereafter devised, worldwide, in perpetuity. CNN Privacy Statement.
|
|||