Hillary Clinton's campaign debt finally paid off
January 22nd, 2013
08:41 PM ET
2 months ago

Hillary Clinton's campaign debt finally paid off

Washington (CNN) – More than four years after suspending her 2008 presidential bid, now-Secretary of State Hillary Clinton has finally paid off her campaign debt.

Clinton's presidential organization spent the final day of 2012 paying down the remaining debt, according to documents filed with the Federal Election Commission late Tuesday.


Clinton's committee spent part of New Year's Eve making three payments totaling $73,000 to the Democratic polling firm of Penn and Schoen. The campaign had once owed the firm $5.4 million, but had brought their account current by the time the clock struck midnight on December 31.

Clinton's debt reached its peak in June 2008 shortly after the former New York senator suspended her campaign. At that point, her presidential committee owed $12 million to almost 500 creditors and $13.2 million to the candidate herself, who dipped into her personal funds to help finance her campaign.

Campaign finance laws forced Clinton to forgive the amount she loaned her committee because she was not able to repay the funds by a required deadline.

The campaign reported raising $158,000 in the final quarter of 2012 and started 2013 with $205,000, which can be used for any future bids for federal office.

A federal law known as the Hatch Act prohibited Clinton and other federal government employees from personally soliciting or accepting political contributions. The law does allow others to raise funds on Clinton's behalf, without her direct involvement. Former President Bill Clinton periodically sent out fundraising appeals to his wife's campaign email list to help retire her debt.


Filed under: FEC • Hillary Clinton
soundoff (28 Responses)
  1. Randy, San Francisco

    Not too early to start raiising money for the 2016 presidential campaign. Hillary Clinton for president!

    January 22, 2013 09:34 pm at 9:34 pm |
  2. Ancient Texan

    Campaigning on be half of Obama have any thing to do with the payoff?

    January 22, 2013 09:46 pm at 9:46 pm |
  3. Andreea

    Who paid off???? Im worry about her she is gone leave her position with an empty pockets!

    January 22, 2013 10:50 pm at 10:50 pm |
  4. Colleen Kelly Mellor

    If she truly borrowed 13.2 million from her own asset (and lost it due to technicality she didn't repay it in times), I surely now comprehend why she doesn't wish to go forward for another round at the Presidential prize...I mean, for her, that prize has been elusive indeed. Additionally, it must have smarted to find herself on the stage with the likes of Michelle Bachmann and Sarah Palin as 'other women seeking the glory," two lackluster characters who really paled to her, by comparison.I think Hillary knows this isn't in her stars....But she made one helluva Secretary of State and would have made a phenom as President...

    January 22, 2013 10:53 pm at 10:53 pm |
  5. Don

    With that headline, I thought it was going to be a story on her dress size.

    January 22, 2013 11:48 pm at 11:48 pm |
  6. Shane

    Hillary Clinton 2016 . . . It's time women fixed the mess from the last couple hundred years.

    January 23, 2013 02:22 am at 2:22 am |
  7. Name lynn

    Hillary Clinton is a great lady an she has a out standing man besides her, bill clinton loves hillary just like hillary love bill. Keep up the good work hillary.

    January 23, 2013 05:21 am at 5:21 am |
  8. Marie MD

    Give kudos to a Democrat that the debt was paid. The rethugs in congress went into two wars guns ablazing (sitting pretty in their posh offices while Americans die) and didn't care that there was no money until NOW!

    January 23, 2013 06:35 am at 6:35 am |
  9. TomInRochNY

    She's cleared the books for a 2016 bid. Good going, Hillary!

    January 23, 2013 07:30 am at 7:30 am |
  10. Dutch/Bad Newz, VA

    $205,000, which can be used for any future bids for federal office.
    -----------------------------------–
    She's already got a head start on the competition.

    January 23, 2013 08:19 am at 8:19 am |
  11. Wake up People!

    More red meat for the rabid wolves. Thanks again Fox-Lite.

    January 23, 2013 08:27 am at 8:27 am |
  12. Padraig

    Good for her, not sure why this is such a big story.

    January 23, 2013 10:57 am at 10:57 am |
  13. Woman In California

    Well, my money was well spent. I sent mine to the current president.

    Can we now close out 2008?

    January 23, 2013 11:04 am at 11:04 am |
  14. Wilson

    What I heard Mr. Obama basically imply [Monday] is that the pursuit of happiness is the pursuit of equality of result. Not the equality of opportunity, but the equality of result. And that he would do what he could to use the government to make everybody more equal, in terms of their income and their life's work. And that is exactly wrong. We should be rewarding success; we should be promoting entrepreneurship; we should be promoting individual effort and opportunity, and I didn't hear that. I didn't hear an opportunity speech. I heard an income leveling speech.

    January 23, 2013 11:17 am at 11:17 am |
  15. Rina

    Wilson, what you don't seem to realize is that it is about rewarding success, we should be promoting entrepreneurship and we should be promoting individual effort and opportunity. However, we need to have a system where EVERYBODY plays by the same rules, EVERYBODY has the best of opportunity and at the same time, we bring our common society up. As it stands now, the rich are getting richer and the poor are getting poorer. The Middle class has been shrinking for years and Corporations are controlling everything. And THAT will not sustain any society. How does a corporation like GE pay zero in taxes yet I pay 36%? How do churches who want to dictate public policy get away with not paying taxes? How do oil companies get all these subsidies? Ted Turner receives farm subsidies for his buffalo ranch! I welcome any and all ideas to make it better but right now our options are either republican or democrat. I'll stick with the democrats.

    January 23, 2013 11:32 am at 11:32 am |
  16. Rudy NYC

    Wilson wrote:

    What I heard Mr. Obama basically imply [Monday] is that the pursuit of happiness is the pursuit of equality of result. Not the equality of opportunity, but the equality of result. And that he would do what he could to use the government to make everybody more equal, in terms of their income and their life's work. And that is exactly wrong. We should be rewarding success; we should be promoting entrepreneurship; we should be promoting individual effort and opportunity, and I didn't hear that. I didn't hear an opportunity speech. I heard an income leveling speech.
    -----------------
    Have you finished your Ayn Rand homework assignment yet? BTW, we should make you aware of the fact that Paul Ryan used to shamelessly worship Ayn Rand's decadent world view. That is until he became the GOP VP nominee and someone pointed out to him that Ayn Rand was an atheist.

    As for the speech, you heard what you wanted to hear. We've noticed that you didn't quote one word that he said. You've only shared with us your enlightened interpretations of previously unheard of implications.

    January 23, 2013 11:33 am at 11:33 am |
  17. Jose

    Ron Paul finished his campaign with a surplus, what a fool he was.

    January 23, 2013 11:35 am at 11:35 am |
  18. Rudy NYC

    Rina wrote:

    Wilson, what you don't seem to realize is that it is about rewarding success, we should be promoting entrepreneurship and we should be promoting individual effort and opportunity. However, we need to have a system where EVERYBODY plays by the same rules, EVERYBODY has the best of opportunity and at the same time, we bring our common society up. As it stands now, the rich are getting richer and the poor are getting poorer.
    -----------------
    Wilson believes that once people have climbed the ladder of success should be allowed to pull it up after themselves, so that no one else is given a chance to succeed. There room at the top for one and only one.

    January 23, 2013 11:49 am at 11:49 am |
  19. Lescibon

    It makes you stop and wonder just how many "pockets" a president ends up owing to by the time they make it to the Whitehouse.

    January 23, 2013 11:50 am at 11:50 am |
  20. Dominican mama 4 Obama

    As for the speech, you heard what you wanted to hear. We've noticed that you didn't quote one word that he said. You've only shared with us your enlightened interpretations of previously unheard of implications
    -------------------------------------------------
    You caught on to that also huh Rudy? It is their modus operandi. They all do it. I will give Wilson credit for admitting that that was what he heard NOT what the President actually said. I am sure, however, that given a little more time and practice he'll become more adept at avoiding those "giveaway" phrases.

    January 23, 2013 11:52 am at 11:52 am |
  21. Wilson

    @Rudy NYC
    Wilson wrote:
    -----–
    Have you finished your Ayn Rand homework assignment yet? BTW, we should make you aware of the fact that Paul Ryan used to shamelessly worship Ayn Rand's decadent world view. That is until he became the GOP VP nominee and someone pointed out to him that Ayn Rand was an atheist.
    --------------------------------
    Still working on it. Just ordered "Atlas Shrugged," to see what it is aboiut. I've noticed it quoted and commented on numerous times, so decided to start there.

    January 23, 2013 11:52 am at 11:52 am |
  22. Wilson

    @Rudy NYC

    Rina wrote:

    Wilson, what you don't seem to realize is that it is about rewarding success, we should be promoting entrepreneurship and we should be promoting individual effort and opportunity. However, we need to have a system where EVERYBODY plays by the same rules, EVERYBODY has the best of opportunity and at the same time, we bring our common society up. As it stands now, the rich are getting richer and the poor are getting poorer.
    -----–
    Wilson believes that once people have climbed the ladder of success should be allowed to pull it up after themselves, so that no one else is given a chance to succeed. There room at the top for one and only one.
    -------------------------------------–
    Actually Rudy, that is not what I believe. I believe everyone shouild have the opportunity to be the best they can be, but that they need to work for it, not have it handed to them. Especially at the expense of someone that has worked hard for their success.

    January 23, 2013 11:54 am at 11:54 am |
  23. Terry

    The moral of this story is that any future vendors should require cash up front from the Clintons.

    January 23, 2013 12:20 pm at 12:20 pm |
  24. Rudy NYC

    Terry

    The moral of this story is that any future vendors should require cash up front from the Clintons.
    -----------------
    No, the significance of the article is that Mrs. Clinton may now go out and fund raise for herself without having to rely on surrogates to do it for her, which she was forced to do until the entire debt was paid off. Read the article.

    January 23, 2013 12:38 pm at 12:38 pm |
  25. Rudy NYC

    Wilson wrote:

    Actually Rudy, that is not what I believe. I believe everyone shouild have the opportunity to be the best they can be, but that they need to work for it, not have it handed to them. Especially at the expense of someone that has worked hard for their success.
    --------------
    People should have to work for opportunity??? Wow. So if a person wants an education, then they have to work for the privilege of attending school? If a person wants seed capital to start a business, then they should have to earn the right to solicit offers? If a person wants to open a business at what they feel is a prime location, then they have to earn the right to have that location?

    I don't think you can hear what you're saying. It's much too scarey a thought to think that you could actually believe what you're saying. You will enjoy your book. If describes a fantasy society that you should find fascinating.

    January 23, 2013 12:45 pm at 12:45 pm |
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