December 21st, 2008
10:32 AM ET
5 years ago

Clinton campaign debt now at $6.4 million

Hillary Clinton says she hopes to have her campaign debt paid before her possible confirmation as secretary of state.
Hillary Clinton says she hopes to have her campaign debt paid before her possible confirmation as secretary of state.

WASHINGTON (CNN) - Secretary of State-designate Hillary Clinton had $6.4 million in presidential campaign debt at the end of November, according to a report filed Saturday with the Federal Election Commission.

The amount, though still significant, represents the lowest level of debt the New York senator's failed presidential campaign has reported this year. Clinton's campaign debt reached its peak, $12 million, at the end of June and has gradually fallen since then.

Clinton said she hopes to pay off her debt before her possible confirmation as secretary of state.

Clinton has also officially forgiven the $13.2 million she personally loaned her campaign. Under the McCain-Feingold campaign finance law, presidential candidates who loan their campaigns money from personal funds may only be paid back if they do so by the national party convention - in this case, the Democratic National Convention held last August in Denver.

Clinton began November with $985,000 in her campaign account and raised nearly $290,000 by the end of the month. Her campaign paid out $1.2 million, mainly to unpaid vendors, ending the month with $188,000 in the bank.

The $6.4 million in remaining debt is owed to a total of 16 creditors.

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Filed under: Hillary Clinton
soundoff (47 Responses)
  1. sunshine

    america, does this make any sense, why do they all have to spend so much just to get us to vote for them, this is one of the major things wrong with our politcal system, no wonder america is broke.

    December 21, 2008 10:37 am at 10:37 am |
  2. Texas Teacher

    Well, there you go, CNN... no other comments and both of mine are not worthy of consideration.... :) I'm about to spit up in my mouth... *LOL* at your ignorance..... happy Sunday!

    December 21, 2008 10:51 am at 10:51 am |
  3. Bodil Bruus

    Mrs Clinton opted to cocntinue a losing campaign and thus brought this debt on herself...it is utterly amazing that anybody will donate
    money to now to help in paying off the debt....this is truly a case of
    "...throwing good money after bad..."

    December 21, 2008 10:54 am at 10:54 am |
  4. J.C.

    Congratulations to Clinton's reducing her campaign debt to this low amount!
    The great thing is that these 16 creditors can survive without anybody's help.

    December 21, 2008 10:55 am at 10:55 am |
  5. Dave, Illinois

    Not to worry. The inevitable rift between the New York Democrats and the Chicago Democrats will generate money to fill her coffers. In my humble opinion, she will be out of her new job within two years.

    December 21, 2008 11:04 am at 11:04 am |
  6. Shelly, IN

    So is she getting the 13.2 million dollars back? Write in plain English CNN.

    December 21, 2008 11:07 am at 11:07 am |
  7. joe smith

    we think she will make out just fine; but what is this ammunition accountability act that is making way accross our country. how did this get started, and why? and why hasn't our indepth, news reporters kept the civilian population up to date on the far reaching, liberty busting act? Franklin said,"those who can give up essential liberty, to obtain a little tempory safety; deserve neither liberty, or safety."

    December 21, 2008 11:08 am at 11:08 am |
  8. Paul

    Guess she should've quit when it was obvious she lost instead of dragging out the primaries through Pennsylvania, West Virginia and Puerto Rico.

    December 21, 2008 11:14 am at 11:14 am |
  9. Helen, NC

    She's on her own.

    December 21, 2008 11:20 am at 11:20 am |
  10. jaye

    There are much worse things to be concerned about than her campaign debt.
    She was wasteful, and, let her campaign go on much longer that necessary.
    But, I wish her the best in resolving her debt.

    December 21, 2008 11:25 am at 11:25 am |
  11. BB

    Come on PUMAs – if 1/3 of you put your money where your mouth is, send her $1 each, it's all over. If you can't pay – please keep your mouths shut next election cycle.

    December 21, 2008 11:29 am at 11:29 am |
  12. Marcia, Marcia, Marcia in CA

    Let's talk about the billions of tax dollars going to banks, while these same banks are putting people out into the street. They are not extending credit, they have basically been able to break all laws, then are ask are STUPID government to pay them for breaking the laws.

    Let's talk about them AWARDING miillions of OUR tax dollars to the same so-called "executives" in bonuses, stock options and salaries for their corrupt business deals and practices that have put the US economy in the tank.

    Let's talk about ACCOUNTABILITY and put these people in jail!

    December 21, 2008 11:31 am at 11:31 am |
  13. Ray Fisher

    Should America truly be interested in Hillary's campaign debt??? I think the political campaign spending has gone extreme anyway for everyone but to be this far in debt, I'm glad she wasn't elected in charge of the federal budget. Just as I thought, a female Georgie Bush, have checkbook will travel!!! As a politician she could have gotten more kickbacks as a senator to payff this debt. Maybe she shouldn't be Sec. of State simply so she can work off her debts!!!

    December 21, 2008 11:34 am at 11:34 am |
  14. barackobama4prez

    she and bill should pay off these creditors. it's the right thing to do.

    December 21, 2008 11:35 am at 11:35 am |
  15. guy

    I am crushed, I will sell my house, children and wife, so I can help the poor woman

    December 21, 2008 11:38 am at 11:38 am |
  16. Ed, Santa Fe, NM

    Just shows her total irresponsibility is piling up debt because of her grasping lust for power.

    Hillary as SoS is a HUGE error on Obama's part.

    December 21, 2008 11:38 am at 11:38 am |
  17. Taniel

    Campaign Diaries has an extensive rundown of all the elected officials picked for Obama's Cabinets and of all those who did not make the cut despite being rumored – and explains what all of this means for the electoral landscape in 2010 and beyond.

    December 21, 2008 11:53 am at 11:53 am |
  18. tess

    note to fawning media – be sure you check where the money comes from – her contributions could become dangerous to the u.s. now that she has the world at her disposal!

    December 21, 2008 11:53 am at 11:53 am |
  19. tess

    note to fawning media – be sure you check where the money comes from – her contributions could become dangerous to the u.s. now that she has the world at her disposal! do not trust and ae sure to verify!!!

    December 21, 2008 11:54 am at 11:54 am |
  20. Irritated in Fl

    Well I certainly regret sending her my money when all she did was QUIT and let Obama steal this election. She knew there was voter fraud going on and that there was grounds to fight for the primary. Esp in the caucus states where the fraud was rampant. I hate that I was stupid enough to back a quitter. I thought she was better than that. Fool me once, shame on you, fool me twice shame on you. I will NEVER vote for another democrat. They are a bunch of quitters, cheaters and back room arm twisters.

    December 21, 2008 11:55 am at 11:55 am |
  21. James

    Man this site is no longer for the smarter crowd, just in the past few months this has turned into a joke for a news site, dont post this like you do all my comments, do the little 12 year old ranting babies a favor huh? like you have been. Keep the idiotic opinions coming, like how republicans have zero accountability and want to blame Dems for all this, talk about simple simon thinking, we have brains for a reason you know!!! they are over here blaming Obama who hasnt taken office, one person throws up statistics and says job loss isnt that bad, 90 percent of the idiots on here attack Hillary and her pay not realizing for a second that their bosses make more then she does and do a whole lot less, i mean wheres the clarity for these 1st graders that are coming on here from Fox, why are these articles written so badly with so many dumby spelling errors. Im telling ya where in trouble, we are over here worrying about Nasa when kids these days cant even tie their own shoe its really a joke, and its hard to laugh concidering our future is at stake, so Obama spending tax money?? too bad i guess he shouldve given tax cuts to the rich even though you attack Hillary for a pay increase, talk about contradicting. They let the market flow on good will like morons and wonder why it didnt work out, give me a break, get with the program kids. 2 years of Dem control didnt do this and if you think that your a lost cause, believing everything you hear as long as it doesnt bring up the fact that alot of real dumb people voted for these clowns twice in a row and kept up the corruption during a time of a failing economy in which this crowd wouldnt even admit to till it blew up in their face HAHAHAHAHA wake up America!!!!!!! and they wonder why their kids are an absolute mess. Go figure. Grow up everyone, use that brain you were given.

    December 21, 2008 12:05 pm at 12:05 pm |
  22. Felines for Freedom

    Clinton's political consulting firm should also forgive the debt considering their consultations played a large role in her failed campaign strategy. Don't contest the caucus states??? Sure, those states don't count! If pay was strictly merit based, the Penn firm would not be entitled to much remuneration. All they basically did was trip up the front-runner.

    December 21, 2008 12:07 pm at 12:07 pm |
  23. New Yorker

    What? Bill and Hillary are still in debt????? Come on with all the income they receive. What are they waiting for, handouts or shall we say "bailouts"??

    December 21, 2008 12:12 pm at 12:12 pm |
  24. Henry Miller, Cary, NC

    "The $6.4 million in remaining debt is owed to a total of 16 creditors."

    Hmmm, that's $400,000 each, on average.

    Now, just was it that those 16 creditors expected to get in exchange for nearly half a million dollars?

    December 21, 2008 12:13 pm at 12:13 pm |
  25. randy

    i cant imaging a family worth over 100 million will be in debt of 6million i cant understand.

    December 21, 2008 12:14 pm at 12:14 pm |
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