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

Clinton loans herself $6.4 million

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[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. Kathryn Irby - Metairie, LA

    Clinton is one desperate to loan herself $6.4 mill!!! She is wasting her money!!!

    May 7, 2008 12:19 pm at 12:19 pm |
  2. Jim, Illinois

    We don't listen to no stinking economists and we don't care about fiscal responsibility. The goal is in sight and we ain't quitting. West Virgina be warned your life depends on voting for Hillary.

    May 7, 2008 12:19 pm at 12:19 pm |
  3. Chicago's Own

    WOW....I know Barack wishes he had $6.4 million to loan his campaign. WHO'S THE ELITEST???? Barack will be in the White House and Hillary will still be running. HA HA HA!

    May 7, 2008 12:19 pm at 12:19 pm |
  4. XME

    At this point, anyone who donates to her campain is only helping her to pay HERSELF back to re-pad the millions in the bank, not to win the nomination.

    We're at the point now that watching the Clintons try to continue is like watching a train wreck. It's very painful to see!

    May 7, 2008 12:20 pm at 12:20 pm |
  5. Jack

    Can Clinton use the funds that she has raised for the general election to pay herself back?

    May 7, 2008 12:21 pm at 12:21 pm |
  6. Jeksis

    Experience to tackle record economic conditions in US history starts with little as a campaign and successful campaign fund management. Obama '08!

    May 7, 2008 12:21 pm at 12:21 pm |
  7. Ross in MD

    A fool and his money are soon parted.

    May 7, 2008 12:21 pm at 12:21 pm |
  8. JT

    Hillary my contribution is on the way!!!

    Nice to see that you are willing to use some of your money on this fight..

    I know that when the superdelegates examines what is required to win in November, it is clear that Hillary will be the one.

    Hillary will win!!

    May 7, 2008 12:21 pm at 12:21 pm |
  9. No Hillary

    Wasting an additional $6.4 million in a lost race...what a stupid idiot.

    May 7, 2008 12:21 pm at 12:21 pm |
  10. Sergio

    If she believes in herself so much and wants the presidency so bad why is she lending her campaign the money and not just giving it to her own cause? Will she pay herself back with new contributions? Or will she finally quit when she recoups her money. I remember Ross Perot giving millions to his own campaign when he was running.

    May 7, 2008 12:23 pm at 12:23 pm |
  11. Chris

    Obahma is a liar and just another politician who will say whatever he thinks the people want to hear.

    May 7, 2008 12:24 pm at 12:24 pm |
  12. R Vincent Miller

    Interesting that she "loans" her campaign money while asking everyone else to GIVE money. Doesn't she believe that she should contribute or that it is a good investment?? Guess not if you have more than 100 million and can ask the guy on the street making less than 50 thousand to give up a meal for his kids to make a difference.

    May 7, 2008 12:25 pm at 12:25 pm |
  13. Kayla

    All you Obama supporters are extremely short-sighted. He rants about change...anyone can do it; its not rocket science. How knowledgeble are you on his stance on immigration, the Middle East crisis, revamping the education system, huh? Use your mind and stop jumping on the Obama bandwagon.

    May 7, 2008 12:25 pm at 12:25 pm |
  14. Posn

    Its time to go into that goodnight...........

    May 7, 2008 12:25 pm at 12:25 pm |
  15. Virginia (from Maryland)

    She is spending 6.4 million of her own money, to get a job that pays $400,000 a year??? And then on top of that insanity, she is charging her supporters interest for a loan made to herself, by herself, and for herself?? Maybe Dr. Phil should pay Hillary a visit!

    May 7, 2008 12:26 pm at 12:26 pm |
  16. sue

    the door is closing billary! catch it befor it close what better way to saw the world you cannot run your own campaign. how in the world you are going to run a usa,the lying and fakery is done stop while you got enough to retire on

    May 7, 2008 12:27 pm at 12:27 pm |
  17. Richard- Westchester, NY

    The real question is what's next for HRC? Is she brokering for Senate Majority Leader, Chief Justice, Governor of NY? She is pushing the linits of this campaign to broker her next job, there is no other plausible reason. Like her or don't- I don't – but she is intelligent and crafty.

    May 7, 2008 12:28 pm at 12:28 pm |
  18. tony

    hey, the MEDIA can squeeze more money out of Hillary...keep the circus going.

    May 7, 2008 12:28 pm at 12:28 pm |
  19. Leslie

    Billary – the voters have spoken. Sit your elitist self down somewhere. If she somehow wins the nomination (steals it rather), I'm crossing party lines & voting for McCain. I would rather see a another republican in office than her!!!!! So I say proudly "OBAMA 08" !!!!!!!!

    May 7, 2008 12:28 pm at 12:28 pm |
  20. David

    This is all about Hillary...not her less-than-genuine concern for the constituency. She desparately wants the power of the office and can't let it go no matter what mess she leaves in her wake

    May 7, 2008 12:28 pm at 12:28 pm |
  21. john

    All I know is, if Hillary is not on the ballot in November, then I am voting John McCain. No Husseins in the white house.

    May 7, 2008 12:29 pm at 12:29 pm |
  22. sophia nyc

    Hilary and her campaign have become frivolous.

    May 7, 2008 12:30 pm at 12:30 pm |
  23. Christian, Tampa FL

    This is a symptom of campaign death. A sign of the apocalypse for the Clintons.

    May 7, 2008 12:30 pm at 12:30 pm |
  24. Pamela

    Hillary has that kind of money and calls Obama 'elitist' ???
    Get real Hillary!
    You do not represent the average American because the average American is not a millionaire!

    May 7, 2008 12:31 pm at 12:31 pm |
  25. Patrick, Orlando, FL

    Obama, don't make this woman your VP!

    May 7, 2008 12:31 pm at 12:31 pm |
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