February 1st, 2009
12:41 PM ET
6 years ago

Clinton started 2009 with $6 million in debt

Hillary Clinton has forgiven her personal loan but owes vendors $5.9 million.
Hillary Clinton has forgiven her personal loan but owes vendors $5.9 million.

WASHINGTON (CNN) - Secretary of State Hillary Clinton rang in the new year still saddled with $5.9 million in debts left over from her unsuccessful 2008 presidential campaign, according to records filed Saturday with the Federal Election Commission.

The nation's top diplomat has been steadily chipping away at unpaid campaign bills since suspending her White House bid in June, when her debt peaked at $25.2 million.

That amount included both $12 million owed to vendors and the $13.2 million she loaned her campaign from personal funds.

Clinton's campaign was unable to repay that personal loan by the time the Democratic National Convention convened in Denver, Colorado, in August, the deadline mandated by the 2002 McCain-Feingold campaign finance law.

The former New York senator has since forgiven the entire loan amount, leaving only the $5.9 million owed to vendors on the campaign's books.

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soundoff (151 Responses)
  1. WIlly Brown

    Good!

    February 1, 2009 09:36 am at 9:36 am |
  2. Ray Fisher

    So sad that anyone would waste that kind of money on a job. Just goes to show how much they expect to gain if elected which makes it even sadder!!!

    February 1, 2009 09:38 am at 9:38 am |
  3. JB

    And let her pay the people she owes. First, if she got out when it became mathematically impossible for her to win, she wouldn't owe that money. And second, she personally has more money than 99% of the people in this country. How does she ethically think it is appropriate to ask people with much less money than her, to pay her debts??? That shows you how morally challenged her and her husband are.

    February 1, 2009 09:48 am at 9:48 am |
  4. Lynn in NM

    Boo hoo. Poor Hillary!! Put Bill to work, and he can pay it off for you.

    February 1, 2009 09:51 am at 9:51 am |
  5. lala

    Just a shame she's not the President.

    I'm keeping high hopes for Obama.

    February 1, 2009 09:53 am at 9:53 am |
  6. Teddy City

    I was a very big financial Hillary supporter in the primary elections. This seems to be the price we pay for democracy in this country. I voted for Barack though because I would never vote for the republicans. The people of Iraq are standing in front of their TV screens cheering US layoffs in the countless thousands. I wonder why ??

    February 1, 2009 09:57 am at 9:57 am |
  7. Tom Crow

    If she loaned 12 million of her own money, what's wrong with another 6. Like if that's a lot money for her. Just pay it and get through this annoying news. There are more important news to report.

    February 1, 2009 09:58 am at 9:58 am |
  8. Shimee

    Oh so typical of the left. The vendors she owes are small business owners who live paycheck to paycheck. Shame on her.

    But not to worry. Bill will collect enough cash for her as he sells her influence to forign sources.

    February 1, 2009 09:59 am at 9:59 am |
  9. rachel

    Here come the Clinton haters. Yes we know she owes mo ney, She has done the right thing a while ago in not asking for the money she loaned her campaign. Mark Penn will get paid whenever.

    February 1, 2009 10:03 am at 10:03 am |
  10. hopeless home owner

    welcome to the club..........p.s.you can short sale your home.file a b.k .draw unemployment .dont forget food stamps.welcome to my world! and for gods sake stop sending me those emails begging for money.

    February 1, 2009 10:04 am at 10:04 am |
  11. semp

    Oh boo hoo ...

    February 1, 2009 10:05 am at 10:05 am |
  12. Bernie

    To bad for poor Hillary.How about all the average americans in debt.Lets feel sorry for them

    February 1, 2009 10:05 am at 10:05 am |
  13. jeremy Bork

    She better start saving for her next run!!!!
    CLINTON 2016!!!!! (or 2012 if Obama messes up!!!)

    February 1, 2009 10:10 am at 10:10 am |
  14. Benny

    Why worry? She was paid $8 mil. for her memoir! She still has $2 mi. surplus.

    Benny

    February 1, 2009 10:13 am at 10:13 am |
  15. mark

    So let me get this straight. Clinton's $6M debt is owed to vendors? Vendors, many of whom are probably small businesses with families to feed. So what are they supposed to do with their debts? They incurred costs to provide the services to the Clintons and they will be carrying those losses until Clinton pays them. Unfortunately, some of these businesses will end up in bankruptcy because they won't be able to wait long enough to get paid from the Clinton campaign.

    February 1, 2009 10:15 am at 10:15 am |
  16. Enlightened Voter

    Wow, so subtract that from her 109 mil. Can't feel sorry for her when she in her maniacal drive to win wouldn't quit even when the entire world knew she was gonna lose.

    February 1, 2009 10:19 am at 10:19 am |
  17. Shimee

    Bet ya Geittner and Daschle could give the 67th Secretary of State some pointers on how to "manage" that debt. Wink. Wink.

    February 1, 2009 10:21 am at 10:21 am |
  18. Billy in KS

    No need to worry... ol' Bill can get that much from overseas in no time.

    February 1, 2009 10:21 am at 10:21 am |
  19. Bobby

    She has a good position now and is a member of the good old boys so she'll have no trouble getting that money back. Probably under the table!

    February 1, 2009 10:21 am at 10:21 am |
  20. WIll 18E

    SO what. No one put a gun to head and told her to spend herself into debt.

    February 1, 2009 10:23 am at 10:23 am |
  21. Larry

    I'm glad I'm not a vendor !!!These are extra tough times to have to finance and" loan" money to someone running for office,that didn't get elected.

    February 1, 2009 10:23 am at 10:23 am |
  22. Outspoken

    Don't worry, Hillary. I'm sure you and Bill will find some sleazy way to exploit your office and coerce organizations and individuals all around the world to contribute to Bill's foundation (slush fund).

    February 1, 2009 10:26 am at 10:26 am |
  23. chuck

    ALL THE CHIEF EXECUTIVE OFFICERS THAT RECEIVED PART OF THE EIGHTEEN BILLIONS AS BONUSES SHOULD HELP OFFSET HILARY'S OUTSTANDING FUNDS. SHAME ON ALL OF THEM FOR THEIR ACTIONS.

    February 1, 2009 10:30 am at 10:30 am |
  24. a canuck

    OMG she 's still bellyaching about this debt.......and the Billarys are billionaires !!!!!

    February 1, 2009 10:31 am at 10:31 am |
  25. Jim

    I guess she better start having bake sales at the State Department to raise the cash because everyone else has forgotten she even exists

    February 1, 2009 10:36 am at 10:36 am |
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