August 21st, 2008
07:00 PM ET
4 years ago

Disclosure reports show Clinton still deeply in debt

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Clinton is still carrying a sizeable campaign debt.
Clinton is still carrying a sizeable campaign debt.

(CNN) - Well over two months have passed since Hillary Clinton formally abandoned her White House bid, but newly-released Federal Election Commission reports show the New York senator has made little headway in paying off her sizeable campaign debt.

According to an FEC report filed Wednesday, Clinton's debt as of the end of July stood at just under $24 million - a decrease of only $1.2 million since the end of June. More than $13 million of that total is owed to the New York senator herself, while close to $11 million is owed to individual vendors. Clinton has suggested she is not seeking to pay back the money she owes herself.

The report also shows Clinton was only able to raise $2 million in the month of July - down from close to $3 million in June. By comparison, Barack Obama raised over $50 million for his White House bid in the same time period.

The report comes as some high-profile Clinton backers have expressed disappointment Obama has not made more of an effort to help his onetime rival retire her campaign debt.

“He has provided her with a pittance compared to what the Clintons have given Obama,” prominent Clinton backer Lynn Forrester told the Times of London. “Her debt could have been cleared within 10 days. It’s ungracious.”

Obama and Clinton have appeared at a handful of joint fundraising events, and the presumptive Democratic presidential nominee has publicly urged his supporters to donate to his former primary season rival - though at a joint appearance with Clinton at a July fundraiser, the Illinois senator forgot to call on his backers to contribute to her. (He later went back on stage to correct himself.)

According to Clinton's disclosure forms filed Thursday, she owes the most ($5.2 million) to her former top advisor Mark Penn's polling/political consulting firm, Penn, Schoen and Berland Associates.


Filed under: Candidate Barack Obama • Extra • Hillary Clinton
soundoff (180 Responses)
  1. Yes We CAN!

    My money going to a sleazbag like Mark Penn?

    Penn spent years defending the Clitons, but wrote in a memo that they should exploit Obama's lack of "American values"

    What exactly is an "american value?" Having sex with an intern? Lying about dodging sniper fire?

    August 21, 2008 05:55 pm at 5:55 pm |
  2. MR-TN

    WHERE ARE HER 18 MILLION VOTERS!!!!!!!!!!!

    SHOW SOME LOVE TO YOUR GIRL AND ALL OF YOU GIVE $1 EACH AND SHE WILL BE FREE OF HER DEBT!

    YOU CLINTON SUPPORTERS ARE ALL TALK AND NO ACTION!!!

    SORRY BUNCH!

    August 21, 2008 05:55 pm at 5:55 pm |
  3. Kathleen

    Explain this one to me....I rack up a huge debt trying to beat my opponent even after it was crystal clear that I couldn't win. I poison my voters against my opponent and do a very poor job of bringing the parties together in unity. I keep stirring the pot to keep my backers' bitterness up and then blame all my debt woes on the winner? I'll tell you who's not gracious...

    Gramma form Canada

    August 21, 2008 05:55 pm at 5:55 pm |
  4. Judgment over Experience

    What exactly has Clinton given Obama, other than a serious headache and a division of the party? He doesn't owe her ANYTHING. If he decides to help pay down her debt, that would be a nice gesture. But it's definitely not required of him. She went for broke and lost – maybe she should have rolled it up when it became clear she could not catch up.

    August 21, 2008 05:55 pm at 5:55 pm |
  5. ari

    Ask Lynn Forrester to forget about spending another honeymoon at the White House!!!!!!

    August 21, 2008 05:56 pm at 5:56 pm |
  6. Ex-Republican for Obama

    That is the first time I have heard her say she is not asking to pay back herself. I actually give her credit and will now send her a $10 check.

    Vendors are the innocent and I am compelled to help them get paid back.

    August 21, 2008 05:56 pm at 5:56 pm |
  7. Jan

    So Clinton only raised 2M in July compared to Obama's 50M. What does that tell you right there. Her campaign was very poorly run and obviously she was not the right candidate for the Demorcratic Nomination. She can affort to pay off her own debt. Why should anyone else be stuck with that mess.
    Clintons are poor losers!
    Obama for President

    August 21, 2008 05:56 pm at 5:56 pm |
  8. Leah DiMarco, Texas

    I am sick of hearing about Clinton's debt. Why can CNN get off of that story? Hillary was the one that decided to spend that money to bash Obama after she knew that wasn't going to win. It is Hillary that needs to find a way to pay it off herself. She can get Bill to write her a check with all of that money he made overseas!

    Obama/Sebelius '08

    August 21, 2008 05:56 pm at 5:56 pm |
  9. Russ

    This woman drug Obama through the mud and her supporters are "expressing disappointment" that Obama hasn't rushed to help her out. Sorry, folks, he's got a much more important campaign to run right now. Maybe later. It was her decision to spend money she didn't have - money spent on hurting Obama.

    August 21, 2008 05:56 pm at 5:56 pm |
  10. more aware

    If the situation were reversed and Clinton won the nomination, would Hillary be expected to pay his debt?

    August 21, 2008 05:56 pm at 5:56 pm |
  11. aliou FL

    She can end the debt now if she calls off all the puma and others who are disrupting the campaign. I will personally give if I was hearing from her that she disavoued the trouble makers acting in her name.

    IF she is flattered by the attention at the expense of our country, then she shoud pay her own debts,

    August 21, 2008 05:56 pm at 5:56 pm |
  12. Bob

    a year before bill was elected president the clinton net worth was less then $200,000. Net worth for the clintons now is somewhere in excess of 50 million dollars. I wont contribute one wooden nickle to hillary. Let her Arabic friends pay it off.

    August 21, 2008 05:57 pm at 5:57 pm |
  13. gm

    I don't understand! The Clinton campaign racked up this debt and
    Senator is balmed for roviding just a pittance to reduce Hillary's debt.
    This is not his responsibility and "after what the Clinton's have given
    Obama". Just what did he get from the Clinton's other then a lot of negativity? Sen Obama won the race and won it without bad mouthing
    the Clintons. If her supporters are not willing to contribute to pay off her debt then why is it Obama's responsibility. Let former President
    Clinton go out and give another speech and retire the debt. Is this just another way of the Clinton's trying to hang somthing negative
    towards Barack? You decide!!!!!

    August 21, 2008 05:58 pm at 5:58 pm |
  14. Chuck

    If most is owed to Mark Penn no wonder Obama has not according to some been as gracious in helping with Hillary's debt. Forget it.

    August 21, 2008 05:58 pm at 5:58 pm |
  15. JIM...TX

    I sure am amazed that Billary's debt hasn't gone down more than that. Guess that initial $ 3 mill which was probably from Obama supporters trying to help wasn't enough to motivate ALL those 18 MILLION mouthy an hateful PUMA's to step up to the plate for their annoited one! Maybe there were more Chaos people voting for her than not. Glad Obama has REAL supporters.

    August 21, 2008 05:59 pm at 5:59 pm |
  16. OregonVoter

    With the behavior of many Clinton supporters and their continuing efforts to derail his candidacy is anyone surprised he isn't bending over backwards trying to help her get out of debt? If Clinton's vocal supporters would have just bowed out gracefully you might very well now see a an Obama/Clinton ticket with her fully out of debt by now. If those of you die hard Clinton fans who are working so hard to make Obama lose want to know who is responsible for her current troubles you might want to look in the mirror. YOU are the reason she is in so much financial trouble and YOU are the reason she will never be the President of the United States.

    August 21, 2008 05:59 pm at 5:59 pm |
  17. Angela Frazier, Memphis TN

    Ah...what happened to her 18 million supporters??

    August 21, 2008 05:59 pm at 5:59 pm |
  18. Debby

    So why doesn't Obama pay her debt off like she paid off another candidate that dropped out. Dean was in debt and his was paid off. Obama can't use the money for personal expenses under the Ethics Reform Act anyway. Clinton put on her website for her supporters to donate to Obama to win the Presidency so thats what they are doing. He should pay her debt off and be done with it. She isn't asking for her personal money back.

    August 21, 2008 05:59 pm at 5:59 pm |
  19. Mr. Miller

    Hillary need s more time for her court case for campaiggn fraud in California... Poor Hilar abd Bill they will not see one day in Jail.

    August 21, 2008 06:00 pm at 6:00 pm |
  20. Bill Tampa

    Look, what's ungracious is that Hillary, demanded so much at this convention, and has not really helped stand down these PUMA Fools. What's ungracious is that Bill did not say that Barack was ready to be President on national TV. This did not help Barack. Barack is still fighting the Clintons and that Adulturous MCcsame at the same time. When does he have the time to help payoff her self inflicted debt?...If those phony PUMA freaks ponied up a buck each, it would be paid for by now, but they won't because they are Republicans in disguise planted by Limbaugh to do harm to the Democratic party. Think about it.

    August 21, 2008 06:00 pm at 6:00 pm |
  21. Nate Hussein

    “He has provided her with a pittance compared to what the Clintons have given Obama,” prominent Clinton backer Lynn Forrester told the Times of London. “Her debt could have been cleared within 10 days. It’s ungracious.”

    What exactly has Clinton done for Obama? Her camp had better cage that "Puma" before you ask for help.

    August 21, 2008 06:00 pm at 6:00 pm |
  22. Dominique

    I will send her campaign $200 if she and her supporters behave themselves at the convention next week.

    Obama '08

    August 21, 2008 06:00 pm at 6:00 pm |
  23. Missouri Mule

    I don't understand why Hillary's rabid supporters get bent out of shape about Obama supporters not helping Hillary. If there are 18 million Hillary supporters, why does she still have millions of dollars of debt? Why should Obama supporters pay for her poor decisions when they didn't support those decisions to begin with? It seems to me that Hillary's supporters aren't happy about *anything* and all that complaining gets old very quickly.

    And for all those Hillary supporters who say they are voting for McCain, why aren't you whining about him not helping her retire her debt?

    August 21, 2008 06:00 pm at 6:00 pm |
  24. Com Unsense

    “It’s ungracious.”

    Pot calling the kettle black there don't ya think? Clinton should have stepped aside to rally behind Obama more than a month before she did. Had she been "gracious" enough to set her ego aside the following would have happened:
    1) she would not have had to use her own funds to lend her campaign
    2) she could have begun the repayment and fundraising for debt sooner
    3)she could have started to help unifying the party earlier rather than further dividing it.

    August 21, 2008 06:00 pm at 6:00 pm |
  25. Alex

    Some "Unity!" I wonder if people like Gov Richardson contributed any money to help settle her debt. He didn't seem to have any problem playing the "Benedict Arnold" role along with the rest of the fine, upstanding and loyal Democrats. I'd love to see the Democratic Party loose this elections if for no other reason than for stabbing Hillary Clinton in the back and picking the wrong person as their nominee!

    August 21, 2008 06:01 pm at 6:01 pm |
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