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. brad

    It's official. PUMA and all those that post these Hilllary or else.,Hillary 2012 and so on are fakes. She was only able to raise just over 2 million in July? A Republican scam absolutely. I say whatever is left after the election give to Hillary's debt. Let's make sure the right man gets in office first. Hillary's debt (I am sorry to say) is not primary as the welfare of the US is.

    August 21, 2008 06:09 pm at 6:09 pm |
  2. Peter E

    And the number of ticker articles on relevant political issues affecting us today is, once again, zero!

    August 21, 2008 06:09 pm at 6:09 pm |
  3. mark

    She wasted money she did not have. I don't think Obama would be a good leader if he used his supporters money to help her. Hillary keeps touting her 18 million supporters...one dollar from each of them would do the trick...put your money where your mouth is all you so called Hillary supporters.

    August 21, 2008 06:09 pm at 6:09 pm |
  4. Keith

    And Obama is responsible for Hillary's debt? In what way? She was the one who decided to spend money she didn't have on a campaign she knew she couldn't win.

    August 21, 2008 06:09 pm at 6:09 pm |
  5. Joe

    I'm glad she lost because if she can't manage her own campaign's finances responsibly, who knows how she would have managed the national debt. I can't fathom that she would expect Obama to help her pay this off because she did this to herself and could have avoided this if she wasn't in denial in the primaries.

    August 21, 2008 06:10 pm at 6:10 pm |
  6. matt

    HER HUSBAND HAS 500 MILLION DOLLARS.....WHO THE HELL CARES IF SHES IN DEBT???????????

    August 21, 2008 06:10 pm at 6:10 pm |
  7. Tully

    Tell Bill to give some more speeches on loyalty and honesty LOL

    August 21, 2008 06:10 pm at 6:10 pm |
  8. jimmy

    Whether or not pbama chooses her as his vp running mate, Hillary still has her supporters to help her pay off her debt . her supporters will pay off her debt if obama does not pick her.Because her supporters will not have to contribute to Obama's campaign..
    It certainly will help if Obama is not dumb enough to ignore her.

    August 21, 2008 06:11 pm at 6:11 pm |
  9. Peter E

    If Russia invades Georgia, it's about Hillary. If the olympics' all-time records are broken, it's about Hillary. If the apocalypse comes and blood flows on the streets it's about Hillary. If OJ Simpson finally admits his guilt, it's about Hillary.
    You know, Hillary wouldn't appear one hundredth as arogant if CNN would just stop mentioning her ten times in every single news bit!

    August 21, 2008 06:11 pm at 6:11 pm |
  10. Larry

    Name Harry Reid as VP candidate and let him raise money.

    ha ha ha ha ha ha ha ha...............

    August 21, 2008 06:12 pm at 6:12 pm |
  11. NotFallingInLine.org

    Obama doesn't deserve any support from Hillary Clinton at all. He's a disappointment on so many levels. Besides, now that it's obvious that he and his backers think that he can win without her help, she should stand back and watch him lose.

    Knoxville

    August 21, 2008 06:12 pm at 6:12 pm |
  12. triggerfish

    I do not think Hillary will be on the Obama ticket due to her great debt.
    If he has not helped her now, what would the benefit be if he did? I do not think he would get many votes for helping with her money problems.

    August 21, 2008 06:12 pm at 6:12 pm |
  13. Lee - Austin, TX

    “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.”

    All they've given Obama is headache after headache. Puh-lease.

    August 21, 2008 06:12 pm at 6:12 pm |
  14. James Carville

    I WANT ONLY YOUR VOTERS , I DONT WANT YOUR DEBT.

    August 21, 2008 06:13 pm at 6:13 pm |
  15. Peter E

    People and thei prejudices... You're talking as if the winner of a primary helping the loser's debt is something outrageous or unprecedented. It is actually quite commonplace. So stop your pretentious rage!

    August 21, 2008 06:14 pm at 6:14 pm |
  16. lol

    superdelegates it isn't too late, nominate hillary! if the democrats have any chance of winning this election, it's with hillary on top of the ticket. look what the republicans are doing to obama, and he is visibly cracking more every day. hillary is a fighter, she will take care of her campaign debt, without the messiahs charity. hillary 08, or it will be mccain 08!

    August 21, 2008 06:15 pm at 6:15 pm |
  17. Bill

    With all due respect to Billary, this is yet more reason why I'm glad she didn't win the nomination. Tell me, all your Hillary fans, how would you expect her to win the election when she had to loan herself money just to keep her campaign afloat? The GOP fundraising machine has been extremely strong the last few elections and would have buried her. We can disagree on the policy differences between Obama and Hillary, but like it or not, fundraising ability is a significant factor in an election, and Obama is by far the best fundraiser of the trio of himself, Hillary, and McCain. If Hillary can't manage her own finances, how do we expect her to handle those of the country?

    August 21, 2008 06:15 pm at 6:15 pm |
  18. Cynthia

    One good thing about it is that she and President Clinton have enough money of their own to clear up the debt if she does not raise the money. Mark Penn helped her to lose so maybe he can just write it off or lobby some of the other foreign countries he had been lobbying and make up the money owed there. As far as the comment by Lynn Forrester – Senator Obama is still running a campaign and not only fighting against Senator McCain but also the die hard Clinton supporters.

    August 21, 2008 06:15 pm at 6:15 pm |
  19. maynard hopkins wi

    who cares about her debt,,, she and bill make more money than the average american. she ran up the bill, let the woman of many faces pay the thing herself if she any extra money she can deposit it in my bank account and help out someone on S.S.

    August 21, 2008 06:15 pm at 6:15 pm |
  20. Ron, NYC

    CNN or better still CLINTON NEWS NETWORK: Why do you guys put up all this nonsense about Clinton everyday on your ticker? Your candidate lost and you should get over it. There is no point reporting on Clinton's debt when there are more important issues facing the country. Many other democrats in the primaries also lost, but I don"t see their names on the ticker everyday.

    August 21, 2008 06:15 pm at 6:15 pm |
  21. Dr. Wu

    Whatever Mark Penn wants $5 million for, it wasn't worth it. He biffed on the delegate count, he recommended a disastrous "put it all on double zero" Super Tuesday strategy, and he's done more to help John McCain than he has to to help Hillary. Sorry, Hillary, I'm not giving you my hard earned cash so you can hand it over to that moron. Announce that you're stiffing Penn and we can talk.

    August 21, 2008 06:15 pm at 6:15 pm |
  22. amira4obama

    OK, how the hell did Hillary plan to govern this nation, when she can't even run a smart campaig? Obama has showned more leadership than her!!!

    Obama/Biden 08

    August 21, 2008 06:16 pm at 6:16 pm |
  23. zina

    Why can't the HRC supporters retire her debt? The donations to Barack from his supporters MUST be used to get the Republicans out of the Executive Branch.

    August 21, 2008 06:17 pm at 6:17 pm |
  24. Daniel Wagle

    People talk about 18,000,000 voters for Hillary and that all of them should contribute. Consider that Barack had a few more voters, yet only 2,000,000 have contributed to him. Granted that is a large and even record number of contributors, but that is only 1/9th the number of his voters. How then can you expect ALL of the people who voted for Hillary to contribute? Remember she has helped Barack raise money for his campaign. Once my roommate pays me, I will try to contribute both to Hillary and to Barack. I think the idea was that the people who have maxed out to Hillary's campaign could contribute to Obama, and the one's maxed out to Obama could help Hillary with her debt.

    August 21, 2008 06:17 pm at 6:17 pm |
  25. Jeanne Beans

    She can afford it. I'm not concerned for her and this really isn't news. Just goes to show you that her "18 million cracks" aren't cracking up to be what she says they are.

    Think about it–if each of those 18 million people gave just $1 each, she'd almost make it. Why can't they each cough up a buck? Interesting, isn't it?

    August 21, 2008 06:17 pm at 6:17 pm |
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