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. dan

    glad that Barack, the more experienced and qualified candidate won. 25 million dollar debt? Are you serious? Can you imagine what our national debt would of grown if someone so inexperienced in handling money became in charge?

    July 21, 2008 06:52 pm at 6:52 pm |
  2. PG

    18 million cracks in the ceiling not pouring down money?

    July 21, 2008 06:53 pm at 6:53 pm |
  3. Cate

    I am wondering how much of Hillary's debt has been paid down? In other words, what's the balance now? Anyone know?

    July 21, 2008 06:53 pm at 6:53 pm |
  4. Rave

    And it will keep growing until next election.. when she will use people's contributions to pay the debt. In this process she will loose the nomination and go into debt again with her sick negative campaigning...
    OBAMA will win comfortably in 2008 and 2012 and he is the right choice.
    OBAMA (2008 -16)

    July 21, 2008 06:54 pm at 6:54 pm |
  5. ShirleyY - Seattle

    LYNN,

    YOUR BI-WEEKLY DONATION WILL NEVER PAY OFF CLINTON DEBT, STOP SENDING YOUR MONEY AND USE IT FOR YOURSELF. THE CLINTONS HAS A LOT OF PROPERTY, THEY CAN SELL SOME AND PAY OF THEIR DEBTS. WHERE IS HER 18 MILLION SUPPORTERS?

    July 21, 2008 06:54 pm at 6:54 pm |
  6. Rachel

    She wouldnt have been in debt had the super delegates not drunk the koolaid and stuck with her till the end, but alas she is going to pay her venders don't worry about it. All the Obama supporters laughing now and then the next breath talk about pary unity what a joke..

    July 21, 2008 06:55 pm at 6:55 pm |
  7. Sylvia

    the problem is that she did not know when to quit despite the fact that she was losing. She should have cut her loss and run.

    July 21, 2008 07:00 pm at 7:00 pm |
  8. Capt. Smash, Salt Lake City, Utah

    Dawn great point!

    July 21, 2008 07:00 pm at 7:00 pm |
  9. Montana is Obama Country

    **
    PUMA = Punishment Under McCain Administration

    **

    July 21, 2008 07:01 pm at 7:01 pm |
  10. FRED ATLANTAGA

    I mean really where are those 18mil supporters she raised 2.7mil and then had to loan herself 1mil where the heck are all of those HILLARY SUPPORTERS!

    OBAMA 08/12 YES WE CAN & YES WE WILL!!!!!!

    July 21, 2008 07:02 pm at 7:02 pm |
  11. Wisconsin

    We cant forget the most important thing here and thats beating McWar!

    July 21, 2008 07:04 pm at 7:04 pm |
  12. Capt. Smash, Salt Lake City, Utah

    if all of her 18 million supporters would just donate $3.00 that would give her everything she needs and more.

    July 21, 2008 07:04 pm at 7:04 pm |
  13. B.Hawkins

    Where are all the so called PUMA's. What are you doing to retire Hillary's debt? I love it when they say they are 18million strong. The truth is most of them are republican trolls who could care less about Hillary.

    July 21, 2008 07:05 pm at 7:05 pm |
  14. WY

    Reading this and all the comments on other articles, like the ones about Obama overseas, I have come to a conclusion ...

    PUMA needs to be spayed.

    July 21, 2008 07:05 pm at 7:05 pm |
  15. Texas Trail Dog

    Oh you stupid moron Obama supporters. just how sick can you be calling Hillary negative campaigner. look what you, the media, and you're doing again to McCain. COME HILLARY SUPPORTERS PUT YOUR MONEY WHERE YOU MOUTH IS AND DONATE TO HILLARY SO SHE WON'T HAVE WORRY ABOUT THE STUPID MORONS OF OBAMA AND HIS SUPPORTERS DOING ONE DARN THING FOR HER. At least she will not be drawing welfare checks for her dampaign debt like Obama is. THOSE SAME WELFARE CHECKS ARE OUR TAXES GOING TO PAVE THE WAY FOR HIM GAINING OFFICE. What a shame, shame, shame. when he gains office watch for his to increase these checks to the porch people so they can sip more wine.

    July 21, 2008 07:10 pm at 7:10 pm |
  16. MyFinalNerve

    "All fired up and, ready to evolve!" -Apachejew'sFinalNerve

    July 21, 2008 07:10 pm at 7:10 pm |
  17. Sean

    I am kind of confused as to why her supporters haven't gotten this paid down yet. It's about much more than Hillary – it's about the small business vendors her campaign owes money to who depend on timely payments to survive. Honestly, I don't personally like Hillary at all, but I'm considering donating to her campaign for this reason alone.

    July 21, 2008 07:10 pm at 7:10 pm |
  18. Lisa

    Will continue to donate every week!!!

    July 21, 2008 07:10 pm at 7:10 pm |
  19. EDW

    If each of her 18 million supporters would donate a dollar she would be close to goal. Soooo, what's up?

    July 21, 2008 07:11 pm at 7:11 pm |
  20. sally

    WHY ISN'T BILL HOLDING ABOUT 20 FUNDRAISERS TO PAY OFF HER DEBT???????? ISN'T FUNDRAISING ONE OF HIS STRENGTHS???????????????????????????

    July 21, 2008 07:12 pm at 7:12 pm |
  21. Obama 08

    It says a lot about how much questionable money she and Bill have made over the last 7 yrs. that she could lend herself that amt. of money.

    July 21, 2008 07:13 pm at 7:13 pm |
  22. Jean

    Superdelagates should come to their senses and NOMINATE HILLARY at the convention and send the Rock Star Obama back to the Senate to learn how to do his day job !

    July 21, 2008 07:14 pm at 7:14 pm |
  23. Louis

    Anyone that donates their hard earned money to help Clinton retire her debt is a total moron. She and Bill are worth 100 million dollars.

    July 21, 2008 07:16 pm at 7:16 pm |
  24. Vig

    Please go to hillaryclinton.com. You can purchase a limited edition T-shirt for $50.00 to help defray the Clinton campaign debt. I have alread ordered a couple and hope to order a few more. Obama needs to hurry up decide who he's going to pick for VP so we can start the write-inHRC campaign before the August convention and help pay off her debt before.

    July 21, 2008 07:17 pm at 7:17 pm |
  25. Janet Jacme

    A "secret" $1M to boot?

    I would think her 18 million voters could pony up a buck apiece and put this to bed quickly.

    Especially the COUGARS, I mean PUMAs that have her back ... especially the wealthy Ms. Rothchild.

    July 21, 2008 07:17 pm at 7:17 pm |
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