February 1st, 2009
12:41 PM ET
9 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. John from Florida

    Where's President Obama and his 15 plus million he has, to help Secretary Clinton pay this debt? That would be a move that would unite the democratic party like never before.

    February 1, 2009 10:37 am at 10:37 am |
  2. FreeNLovIt

    So glad to see you out of the Senate jail, a boring place to work for. And dont worry about not being able to serve, you can always become a Senator again in another State...

    February 1, 2009 10:38 am at 10:38 am |
  3. Charles Douglas Lemay

    This is typical Clinton unearned entitledment syndrome.

    These two are filthy rich, yet they want somebdoy else (donors)
    to pay off their debts.

    Why the hell don't they just dip into their $100 million bank account
    and pay their debts?

    Because they're "The Clintons," you see. And the rules that all the
    rest of us have to live by don't apply to them.

    And these are the heroes to the Loony Left? Pathetic...

    February 1, 2009 10:41 am at 10:41 am |
  4. Shimee

    Why did Mark Preston attempt to diminish Steele ?

    February 1, 2009 10:42 am at 10:42 am |
  5. Lauren

    Typical Democrat,,,, it does not matter how far in debt you are, or if you CHEAT on your taxes like it appears two of Obamas cabinet have done,,,, they reward you with being in a higher office.

    If Clinton could not run her campaign in the black, what makes any of us ever think she would have ran the country in the black. I will give Obama that point, he ran a superb campaign, from the finacial aspect.

    She should have to pay all those loans back BEFORE she gets any paycheck from US,,, the taxpayers. You know what happens when we do not pay our debts,,,,, we LOSE our house, our car, our jobs, but Clinton will go on as if nothing is owed to anyone. And i bet she still owns more houses and high priced material possesions that most of us ever dream about.
    The rich get away with murder, the poor blue collar smuck has to live on beans and hash.

    February 1, 2009 10:45 am at 10:45 am |
  6. Denise

    Take heart, Madame Secretary, millions of other Americans are also s tarting off the new year with debts they rung up knowing they could not afford what tey paid for.

    February 1, 2009 10:45 am at 10:45 am |
  7. Theamericanxp

    That's ok. It's nice to know there is someone in power thats in debt like me. If she can come out of it so can I. Go Clinton.

    February 1, 2009 10:53 am at 10:53 am |
  8. JCQueipo

    The vendors should know that some debt and the repayment of it was going to be speculatory. They bet on the wrong horse !!

    February 1, 2009 10:53 am at 10:53 am |
  9. Joy

    Maybe old Bill can "bail" her out. He makes millions for doing nothing.

    February 1, 2009 10:57 am at 10:57 am |
  10. Scott

    I can see where some of this stimulus money is going to be funneled too.

    What CHANGE we're seeing in Obama's cabinet. Tax cheats, debtors and lesbians, going to be a hell of a presidency.

    February 1, 2009 10:59 am at 10:59 am |
  11. Mike - Houston

    ...and American are about to be saddled with $820 billion in debt on an annual basis....

    February 1, 2009 11:03 am at 11:03 am |
  12. NotUs

    Great to see that she is such a model of fiscal responsibility while thousands are losing their jobs.

    Her and Nader can join the thieves club.

    February 1, 2009 11:09 am at 11:09 am |
  13. southerncousin

    I am sure Bill will make plenty of money to cover it with sleazeball "donations" if he doesn't blow it all hanging out in strip clubs with Pacman Jones. At least they are not living in government housing anymore, but it is amazing how rich the Clintons have become in government service isn't it? These people are really despicable.

    February 1, 2009 11:09 am at 11:09 am |
  14. Fred C Dobbs

    And why is this a story?

    February 1, 2009 11:14 am at 11:14 am |
  15. Charlize

    That debt is her fault only. Many people in her party, even most of the media were suggesting her to quit campaigning, months after she did it, because it was obvious it was a lost cause. But her huge ego and stubbornness kept her campaigning, and the only thing she did was damaging Obama's image in some close-minded states (OH, PA) and polarizing the democratic party even further. She got what she deserves, and nobody should bail her out. OTOH, I hope CNN doesn't leave Palin's earlier post longer than the average, as they usually do, to get even more responses. It should be closed before this one, and as usual, most posts will only show how the majority of Americans hate her and ask CNN to stop posting about her. CNN, get it already, lots of people post in Palin's articles, because they hate her and want her to go away, that's not a good thing, it's a bad thing, for you as a news outlet and for the country!

    February 1, 2009 11:16 am at 11:16 am |
  16. mike kish

    No, you can't give Pay-to play funds directly to HClinton, but you can see BClinton over by the door (wink, wink). Over 100 million has already been collected this way, and now, with Hil in the SOS position, there " Ain't no stopping us now", according to the famous song. I thought Obama said it was going to be different this time!

    February 1, 2009 11:17 am at 11:17 am |
  17. Blue Tiger

    I hope that Barack Obama considers using some of his campaign surplus to pay off some of Hillary Clinton's campaign debt. She stumped for him heavily in the general election asking for nothing in return. It would be a kind gesture on his part.

    February 1, 2009 11:18 am at 11:18 am |
  18. Ted

    Karma is fun!

    February 1, 2009 11:19 am at 11:19 am |
  19. Anonymous

    This is just plain disgusting. She was forgiven her debt!!!! This is what is wrong with America. No one wants to take responsibility of their actions. They shouldn't even be allowed to spend 25 million on a campaign trail. Why don't you use that money for things that are really needed such as homeless shelters and feeding the starving kids in our nation. Must be nice to have that debt wiped clean, when is the government going to forgive my $100,000 student loans from attending college to work in health care.

    February 1, 2009 11:20 am at 11:20 am |
  20. Marin

    It's a drop in the bucket for her. I don't know why this is a news story.

    I lived in a small city in India for a while, and it was no secret that the Clintons made a huge investment in development lands there. The land they own in one city in India alone is worth upwards of a billion dollars today.

    So begging for money seems contemptuous to me.

    February 1, 2009 11:29 am at 11:29 am |
  21. Dumas McGee

    CNN Ticker reported Mr. Obama still had $15 m leftover...give $6m to Mrs. Clinton, and $9m to pay down the inauguration

    February 1, 2009 11:29 am at 11:29 am |
  22. Dan

    I think Barack has to pay the bill. Barack, stand up to your promise.

    February 1, 2009 11:29 am at 11:29 am |
  23. TrueIndependent

    @ John from Florida-10.37 – you obviously are not aware of the fact that the president helped her knock off quite a few millions off her debt – it was originally in the double digits.

    The fact is that she and Bill have more than enough personal money to pay off her debt. That would be the wise course of action.

    Democrats, don't berate the issue. She has joined the Obama team, let it go.

    Your issue right now should be Republicans who wanted the auto workers to take a pay cut, but now saying the Wall street incompetent bankers need their $20 billion bonuses.
    That is really disconcerting – one rule for the rich, and another for the poor. That Republican motto..

    February 1, 2009 11:32 am at 11:32 am |
  24. RealityCheck

    She was fleeced by her own party! She should be in the WH right now! She would not be taking every second of every day to make sure there is a photo op available to the media!

    February 1, 2009 11:32 am at 11:32 am |
  25. Tate

    She is a democrate why would she pay taxes or no how to handle money. At least she has not been caught cheating on her sprouce yet! What a disaster this first two weeks has been.

    February 1, 2009 11:32 am at 11:32 am |
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