July 21st, 2008
03:40 PM ET
6 years ago

Clinton campaign debt grew after her run ended

(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
soundoff (93 Responses)
  1. Lynn

    I will keep on sending my bi-weekly donation.

    July 21, 2008 06:20 pm at 6:20 pm |
  2. Dawn

    Where are her 18 million supporters? Just a buck and a half from each would take care of it.

    July 21, 2008 06:24 pm at 6:24 pm |
  3. nonHillBasher4Obama

    Hill, i got luv for ya but this is a big pill to bite....pheww, that's alot of debt.

    On another note I think you would be a great VP and you and Obama will win the election hands down.

    July 21, 2008 06:26 pm at 6:26 pm |
  4. Russell, NC

    Where are Hillary's 18 million supporters? They should be helping her with her debt.

    July 21, 2008 06:26 pm at 6:26 pm |
  5. Chris from NY

    How come? What did they do that influenced the debt since after she ended her bid for the white house?

    July 21, 2008 06:26 pm at 6:26 pm |
  6. PUMAs are Irrelevant

    Amazing!

    July 21, 2008 06:27 pm at 6:27 pm |
  7. True

    Yep, late fee's on a $20 million debt must suck.

    July 21, 2008 06:27 pm at 6:27 pm |
  8. Griff

    They call it Dedication.... CNN... When your Country is more valuable to you, than the Enemy on the Horizen...

    July 21, 2008 06:32 pm at 6:32 pm |
  9. Dan , TX

    Where the heck is PUMA PAC. Please pay off your candidates' debt! Don't you care about Hillary? I'm an Obama supporter and I donated to her campaign!

    By the way PUMA, even if you don't vote for Obama, please vote democrat for senate and house. Hillary and Barack both need strong colleagues to work with, regardless of the presidential election.

    July 21, 2008 06:32 pm at 6:32 pm |
  10. The Austrian

    This is YOUR debt, Clinton. YOU have to deal with it. That's life. Learn to live it.

    July 21, 2008 06:33 pm at 6:33 pm |
  11. Rachel

    Here comes the bashing.... 3..2..1...

    Thank you Hillary for trying to save u, hopefully if Obama wins he will have some place for you. We need ya your witt, and love the fact that you aren't afriad to laugh even if its at your own expense.

    July 21, 2008 06:34 pm at 6:34 pm |
  12. Ex-Republican for Obama

    It will be absolutely shameful and a crime to find out if she were charging interest on that loan.

    We are currently undergoing a huge investigation on banks that made 'iffy' loans to unqualified borrowers. Her candidace was LONG over before she pulled out, she was an unqualified borrower, only a moron would lend her something.

    Rather ironic that it was she who lent it to herself (perhaps everyone else already knew it was a bad loan destined to certainly fail).

    July 21, 2008 06:35 pm at 6:35 pm |
  13. Rose

    She made her bed and now she has to lay in it.

    July 21, 2008 06:35 pm at 6:35 pm |
  14. Non-Conformist

    PUMA PUMA PUMA ALL Talk no ACTION ....LMAO

    And People are saying these people are not republicans in disguise .. LMAO

    Democrats 08!!!!!!!!!!

    July 21, 2008 06:42 pm at 6:42 pm |
  15. P, CA

    The PUMAs still have yet to explain how Clinton would've been such a great President for the economy if she's this much in debt.

    And frankly, until you PUMAs can explain to me why you aren't contributing more to help her out of debt, then you'll just seem like republicans starting trouble to me. Why not help the woman you fought for? Unless you're really not FOR her, but AGAINST Obama.

    To all you gullible enough to follow this mean-spirited movement of pure hate, remember: you could contribute positive dollars to Hillary's debt instead of contributing negative statements to these blogs.

    THINK ABOUT IT.

    And CNN, THINK about posting this. Please.

    July 21, 2008 06:43 pm at 6:43 pm |
  16. mary

    Perhaps Barack should consider Hillary as his VP. AFTER all her "supporters" pay off her debt.

    July 21, 2008 06:46 pm at 6:46 pm |
  17. kayla

    maybe PUMA and mcsame could help pay her debt, afterall that is where their votes are going. lol

    July 21, 2008 06:47 pm at 6:47 pm |
  18. Ted

    It's a little thing called karma.

    July 21, 2008 06:47 pm at 6:47 pm |
  19. SK

    She has no one to blame, but herself for this mess.......ask your 18 million supporter to help you with it.......

    July 21, 2008 06:47 pm at 6:47 pm |
  20. from the desk of, DM of Texas

    Why is that Senator Clinton and Bill Clinton has over $ 50 million dollars in the bank why don't they just write a check and stop the stealing and pay your bill please.

    I don't leave the store with food and not pay the cashier that stealing.

    If I wrote a check that bounce the would have charges against me filed.

    If I wrote a check for services render I would have a debtor lean against my property..

    I sent you money why didn't you pay your bills???

    July 21, 2008 06:48 pm at 6:48 pm |
  21. Jeanie

    Actually... I hear since July 4th those crazy old white ladies, also known as PUMAs, have accumulated over $10 million dollars. Enough to erase her debt substantively. This is Clinton's June report. Not her July report. And she doesn't want help on the 13 million she's loaned herself... so that leaves only what? 3 million? It might even be gone by now if they've kept fundraising at this pace.

    Please post this CNN.

    July 21, 2008 06:49 pm at 6:49 pm |
  22. Joe

    What with all the Hillary supporters sending her money, I thought her loan would be paid off by now ?

    Oh yea, they didn't send her any.

    All they can do is yell about how she was Robbed of winning.

    Losers

    July 21, 2008 06:49 pm at 6:49 pm |
  23. not surprised

    Somehow she'll get all *her* money back (and probably more), but I'm not too sure she'll get around to paying anyone else she owes. I also wouldn't be surprised if the DNC bails her out, in the name of "unity".

    July 21, 2008 06:50 pm at 6:50 pm |
  24. TEXAN

    Democratic party needs to help her pay this off and get her COMPLETELY out of the way.

    July 21, 2008 06:50 pm at 6:50 pm |
  25. Tim

    I have been an Obama supporter from the outset and we need Clinton for VP. People on both sides are being such babies about this. Clinton and Obama got a combined ~35 million votes in the primary. It is that simple. Not only that they suit each other well (Clinton – National Security, Obama – Economy). People need to grow up, we can't let McCain serve out Bush's 3rd term.

    July 21, 2008 06:51 pm at 6:51 pm |
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