May 7th, 2008
10:20 AM ET
12 years ago

Clinton loans herself $6.4 million

, ,

[cnn-photo-caption image= caption=" Clinton has loaned her campaign a total of $11.4 million."]WASHINGTON (CNN) - Democrat Hillary Clinton has loaned her presidential race $6.4 million over the last month, bringing the total amount of money she has lent herself to $11.4 million.

And she is willing to lend herself more money, top adviser Howard Wolfson told reporters Wednesday, a day after Clinton eked out a narrow victory over Sen. Barack Obama in Indiana's Democratic primary but lost to him by a landslide in North Carolina.

The $11.4 million she has lent her campaign this year is about the same as the amount she earned from book sales and her Senate salary, Wolfson said.

On a conference call with reporters, Wolfson said the loan proves Clinton is committed to staying in the presidential race.

"The loans are a sign of her commitment to continuing the race, her commitment to continuing the process and her commitment to staying competitive with Senator Obama on television and other areas," he said.

"The campaign continues to raise a lot of money, but Senator Obama, to his credit, is also raising a lot of money."

Clinton loaned herself $5 million on April 11, $1 million on May 1 and $425,000 since then, the campaign said Wednesday. The senator from New York loaned her campaign $5 million in February.

Clinton began the month of April with close to $32 million in cash on hand, but only $9 million of that total could be spent during the primary season, according to the most recent campaign reports filed with the Federal Election Commission.

The report also showed that Clinton owed more than $10 million, meaning she was in the red even before she heavily stepped up television advertising ahead of the Pennsylvania primary in late April.

The day after her convincing Pennsylvania win on April 22, the Clinton campaign said it raised $10 million on the Internet. The campaign has not said how much it has raised since her close win in Indiana and her North Carolina loss Tuesday.

(Updates with campaign comments)

Filed under: Hillary Clinton
soundoff (697 Responses)
  1. MC, Maryland

    Hillary is so stubborn she can't see clearly. She is amazing to watch and understand. She should get out of the race now, anything else is just selfish on her part. It is so clear she makes bad decisions and refuses to acknowledge them. Hmmm.....who does that remind you of?

    May 7, 2008 11:28 am at 11:28 am |
  2. Audrey

    Hey CNN, Sen. McGovern urges Sen. Clinton to get out of race.

    May 7, 2008 11:28 am at 11:28 am |
  3. frank

    People might call Indiana a victory for Senator Clinton. How ever, could she have won without Rush Limbaugh Operation Chaos? Thus, these RLOC actors will not vote democratic in november. Therefore, Barack Obama is more electable than Senator Clinton.

    May 7, 2008 11:28 am at 11:28 am |
  4. Corey's Corner

    What an elitest.

    May 7, 2008 11:29 am at 11:29 am |
  5. Drew

    Save your money honey.

    McGovern just flipped to Obama.

    May 7, 2008 11:29 am at 11:29 am |
  6. Dawn

    to Bob (PA):

    Why aren't all you Hillary supporters sending her money?

    May 7, 2008 11:29 am at 11:29 am |
  7. il voter

    she is so bitter after IL and NC. I bet she was out of touch with Lake County IN. 🙂

    May 7, 2008 11:30 am at 11:30 am |
  8. Teresa

    Hilliary Clinton is a pompus idiot.

    May 7, 2008 11:31 am at 11:31 am |
  9. Omar, Phoenix, AZ

    Throwing bad money after bad money. Get a clue Hillary.

    May 7, 2008 11:32 am at 11:32 am |
  10. Tony, Memphis TN

    I would guess the loans are the scorch and burn Obama so she can run in 2012... Power is more important than the people I guess...

    May 7, 2008 11:33 am at 11:33 am |

    hillary boody hand

    May 7, 2008 11:33 am at 11:33 am |
  12. Unsympathetic

    This inane person has no clue about anything other than power. Neither economic nor healthcare nor military reality will stop her!

    Stop her from what? Confronting the fact that she doesn't have a clue what to actually do if she achieves the office.

    I admire her persistence – but as the Gambler said, you gotta know when to hold 'em and know when to fold 'em.

    Hillary, it's time to fold. For the good of the country, for the good of the party.. she needs to stop moving the goalposts, because there's no way she can declare victory.

    May 7, 2008 11:33 am at 11:33 am |
  13. Rolanda loving Obama

    I love you Barack Obama! And michelle and the kids too 🙂

    May 7, 2008 11:33 am at 11:33 am |
  14. Peter

    Hillary time's up....go home.

    May 7, 2008 11:33 am at 11:33 am |
  15. laser

    don't you think the 6.4 million would be better served if she donated it to charity or a worthy cause? There are many in this country that benefit more than a loan to herself...

    May 7, 2008 11:33 am at 11:33 am |
  16. Corey's Corner

    Hillary "Huckabee" Clinton needs to quit.

    May 7, 2008 11:34 am at 11:34 am |
  17. Princess Dem


    Obama 08

    May 7, 2008 11:34 am at 11:34 am |
  18. Ty

    Look on the bright side. If this gas tax relief goes through, she can loan herself another $30 bucks. Oh wait a minute, gas prices just went up to $4.25/gallon, there goes that plan.

    May 7, 2008 11:34 am at 11:34 am |
  19. cph9680

    Hillbilly -

    I have $9,000 worth of debt from the lack of work because of this stupid war you voted for. Can you "loan" me some money???

    May 7, 2008 11:35 am at 11:35 am |
  20. Joyce

    What happened to all the African American votes for Hillary? and everyone else who fared so well in the nineties? I say, " how soon we forget". It's a shame that this has happened to Hillary.

    May 7, 2008 11:35 am at 11:35 am |
  21. Jennifer, Chicago Illinois

    According to Time magazine,George McGovern, who was supporting Clinton, has just announced he will now be supporting Obama and has called for her to drop out. What does that tell you?

    It's OVER. Pack up your bags Hillary.

    OBAMA 08

    May 7, 2008 11:35 am at 11:35 am |
  22. J.

    stupid woman. get the hell out of this before the Republicans claim victory...

    May 7, 2008 11:36 am at 11:36 am |

    I think Clinton needs to get out the race and look for V.P slot in order to unite Democraic Party.If you do the calculation for remaining of the states and give Mrs.Clinton 62% of all delegates and superdeligates,Obama still wins the nomination.So it will be a wise decision to drop out and let us work to bring a Democrate in the White House.

    May 7, 2008 11:37 am at 11:37 am |
  24. CNN=Hillary Clinton

    cnn you are not fair.....u have become worst than Fox....

    u never talk about mcWar ........

    May 7, 2008 11:37 am at 11:37 am |
  25. JohnS

    Hillary is really out of touch.

    She should recognize that it's over and start to support the Democratic Party to win the November 2008 Elections.

    McGovern already deflected this morning to OBAMA and at least 2 dozens Superdelegates are expected to deflect to OBAMA.

    It's really time for Hillary to step out with dignity and enjoy her life.

    GOD Bless you all and GOD Bless America

    May 7, 2008 11:38 am at 11:38 am |
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28