April 21st, 2008
01:21 PM ET
13 years ago

Clinton's primary campaign begins April in debt

[cnn-photo-caption image= http://i.cdn.turner.com/cnn/2008/images/04/21/art.clintondebt.ap.jpg caption="Hillary Clinton began the month with $10 million in debt."](CNN) - Hillary Clinton began one of the most crucial stretches of her presidential campaign in debt, newly disclosed financial reports show.

According to campaign reports filed with the Federal Election Commission over the weekend, the New York senator began the month of April with close to $32 million cash-on hand. But only $9 million of that total are funds that are able to be spent in the primary races. The report also showed Clinton owes more than $10 million, meaning the Democratic presidential candidate was in the red even before she heavily stepped up television advertising in Pennsylvania.

"The numbers are what they are," Clinton adviser Howard Wolfson said on a conference call with reporters. "The money continues to come in strongly. We had a very good month last month of fundraising…we are continuing to have a good month this month."

We will of course be honoring the debt in the coming weeks and months," he also said.

The newly released reports offer the clearest picture to date of just how much of an advantage Barack Obama holds over Clinton heading into the final stretch of the prolonged Democratic race for the White House.

According to the reports, he began the month with over $42 million to spend during the presidential primaries and only carried around $650,000 in debt. Obama has $52 million cash on hand overall.

As has already been disclosed by both campaigns, Obama more than doubled what Clinton raised in the month of March: $41 million to her $20 million. The Illinois senator's stunning haul brings his presidential fundraising total to date to $235 million - $60 million more than what Clinton has raised in the same time period.

John McCain lagged both Democrats in March fundraising - pulling in $15 million in that time period. He began the month with $11.6 million cash-on-hand and, a debt of just over $700,000. He's raised a total of about $75 million.

The report also shows he gave back nearly $3 million from donors for his general election campaign. This move could indicate he is setting the stage to receive public financing for his campaign - an option that will infuse the Arizona senator with $84 million.

(12:45 p.m.: Updates with Wolfson comments)

soundoff (773 Responses)
  1. Carolyn

    If she can't run her own campaign finanically how can she run the White House and the country know that it's in trillion of dollars in debt.

    April 21, 2008 10:44 am at 10:44 am |
  2. brian

    Clinton's spent more than raised–another example of her both her lack of integrity and her desperation to win at all costs. How can we expect her administration to balance the budget and cut overspending plaguing our economy if she can't balance her own campaign budget.

    Hillary, come on. Take one for the team–it's time to call it quits.

    April 21, 2008 10:44 am at 10:44 am |
  3. Ohio Observer

    LOL...She has mismanaged her campaign both in personnel and in funds yet she feels that she is better equipped to be the Chief Executive Officer of the Country than anyone else. PLEASE

    April 21, 2008 10:44 am at 10:44 am |
  4. black & proud


    April 21, 2008 10:44 am at 10:44 am |
  5. dan

    money talks, in a reverse way clinton had a lot of money when her campaign was starting. This says alot of people are moving with the winner, their money is showing Obama,lets get together with a front runner,Barrack Obama.

    April 21, 2008 10:44 am at 10:44 am |
  6. Independent

    Managing your campaign finances is a reflection of how u would allocate & spent the American tax payers' money if become president....these are the kind of relevent issues the voters need to really consider...NOT manufactured politically-driven non-sense.....

    April 21, 2008 10:45 am at 10:45 am |
  7. itoldya

    if she can't run her campaign then please tell me how she can run a state let alone a country............ give me a break Deadbeat Billary

    April 21, 2008 10:45 am at 10:45 am |
  8. Ohio Voter

    Sure $10 million seems like a lot of money but just imagine what she could do with our national debt. Clearly she knows how to manage money....

    April 21, 2008 10:45 am at 10:45 am |
  9. rural Pennsylvanian

    How can she put food on my table and gas in my tank when she can't even be fiscally responsible with her own campaign?

    April 21, 2008 10:45 am at 10:45 am |
  10. Alex from IL

    Moreover, she's charging her campaign 10million dollars in interest for the $5mil she loaned her campaign
    Does that debt include all of the debt from February that she still hasn't paid off? Because I don't think it does...

    April 21, 2008 10:45 am at 10:45 am |
  11. Paul

    He takes money from special interest groups in Washington, he is not different at all, what did you expect?

    Hillary, we are with you all the way,

    Pennsylvania will make the right choice, they will choose you!

    Hillary 08!!!

    April 21, 2008 10:46 am at 10:46 am |
  12. skip

    If this is a sign on how she is the answer to fixing our economy... I don't want any part of it! If she can't keep a campaign operating in the black for only 6 months... how is she able to run a country's economy? I've given up on all of them!

    still undecided

    April 21, 2008 10:46 am at 10:46 am |
  13. TESA P


    So how can she balance the country's debt problem if she can't handle her own debt problems.............. I Guess that 3 AM call will be from a collection agency.... 🙂

    April 21, 2008 10:46 am at 10:46 am |
  14. Matt

    Hmmm....will she write another check? On the other hand, she may cry on Keith Olberman tonight. 🙂

    April 21, 2008 10:46 am at 10:46 am |
  15. mn voter

    Michael moore is sending out rubbish to dems to donate to Obama. I then donated 20$ to Hillary and McCain, When a campaign keeps getting big bucks, no matter how he's doing, it starts to get a little questionable?

    April 21, 2008 10:46 am at 10:46 am |
  16. LifeLongDemocrat

    It is not unusual for candidates to be in debt after an election. Hillary keep on fighting and we will take care of the debt.

    You undecideds: McDaddy (see above)...think it over and make the right decision...Hillary in 2008/2012>>>>>!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    April 21, 2008 10:47 am at 10:47 am |
  17. Danielle, TX

    No need for me to comment. I'll just echo the other posters who site mismanagement of the Clinton campaign will likely mean mismanagement of the country.

    April 21, 2008 10:47 am at 10:47 am |
  18. Susan

    People also vote with their money.

    April 21, 2008 10:47 am at 10:47 am |
  19. cj-delhi,ny

    So (if) she were president we would still be in financial ruin, but her personal account would be fine.

    April 21, 2008 10:47 am at 10:47 am |
  20. Ray

    "I'll be RED by day one"

    April 21, 2008 10:47 am at 10:47 am |
  21. Nas from PA

    Thats a sure sign that its just time to stop. The people don't think she can win so they aren't funding her campaign. Obama is keeping it up strong-a sign the people are HOPEFUL and feel that YES WE CAN make a CHANGE.

    April 21, 2008 10:47 am at 10:47 am |
  22. tina

    I guess she should ask those lobbyist' for more "donations."

    April 21, 2008 10:47 am at 10:47 am |
  23. Yolanda Diaz

    My vote still for her, if Obama wins, I'll vote for McCain.

    April 21, 2008 10:48 am at 10:48 am |
  24. Rosemary Storaska

    $235 million wasted dollars for someone who will not get elected. Shameful use of money. Even if students vote in November, contrary to the beliefs of many, they will be offset by the largest voting block in the US–Women. Obama simply is a very poor choice and Pennsylvanians (not part of those polls as we older one don't answer such a call) will show that Tuesday. Those of us who have had to struggle and know just how much the Clinton years did for us will not do what some of the democratic leadership has done. PENNSYLVANIA HAS HILLARY'S BACK! Money can't buy everything even though Obama tries real hard to saturate the earth with monetary green. He can't buy the wonderful, practical people who know how its get done outside of the universities movement. Indiana and North Carolina can learn from us.

    YES WE CAN...use our voice to counter a voter base that has yet to realize supporting themselves yet alone know how to pay for health care, or have yet to lose a mortgage, or even understand beyond the tuition check sent by parents.

    April 21, 2008 10:48 am at 10:48 am |
  25. Debbie

    Actions speak louder than words. Her speeches don't match her actions. She and her supporters say she has this financial plan all layed out. What she was going to spend money on, where she was getting it from. She had a chance to demonstrate this in her campaign but she didn't. Now who's full of speeches.

    April 21, 2008 10:48 am at 10:48 am |
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