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. tidho

    I just looked up 'bad investment' in the dictionary and...

    May 7, 2008 09:36 am at 9:36 am |
  2. curli

    OMG!!! and the rich keep getting richer......maybe she will use those millions to solve the country's health insurance woes....YEAH, RIGHT!

    May 7, 2008 09:37 am at 9:37 am |
  3. WeLuvObama

    Hillary please bow out gracefully. You have now lent your campaign $11.5 millon dollars. Why put the party through this. Please use this time now to help unify the party.

    May 7, 2008 09:38 am at 9:38 am |
  4. Thomas

    Hillary it's time you had a chat with Mitt Romney. Maybe you'll learn why self-financing your campaign doesn't work. Besides your $15 million in the red and Obama is $700,000 in the red.

    May 7, 2008 09:38 am at 9:38 am |
  5. Dee/Warwick

    Was that $6.4 million a part of the $10 million she claimed to have raised after the Pennsylvania Primary?

    May 7, 2008 09:38 am at 9:38 am |
  6. Bobby tray

    Wow. She might really be like millions of us when this is over. . . poor and no job

    May 7, 2008 09:38 am at 9:38 am |
  7. Arthur

    Voters are making it clear who they support! The Clinton camp is finished!

    May 7, 2008 09:39 am at 9:39 am |
  8. independent

    hillaty clinton is hillarious. why is she hurting DNC?. she knows that she cannot win.

    May 7, 2008 09:40 am at 9:40 am |
  9. Independent

    She is probably having a fit that she is paying for her campaign out of her won money- now to the tune of 11.4 million dollars. What doesn't she understand? She should have gone a longgggggg time ago!

    May 7, 2008 09:40 am at 9:40 am |
  10. its Over


    How does President Obama sound? Mighty sweet to me!

    May 7, 2008 09:41 am at 9:41 am |
  11. Ron Paul Supporter

    That is nice that she was willing to put her own money on the line to win. Hillary has been mighty impressive during this election. No matter the outcome. The "inevitable candidate" title was a kiss of death bc every time she loss it was a killer. I am proud of this strong woman and hopes that she will find happiness in whatever she chooses to pursue next.

    Go Hillary Go !!!

    May 7, 2008 09:42 am at 9:42 am |
  12. Jen

    This shows that she has absolutely no judgment. She cannot understand that she is wasting time, money and energy in a cause that is not gonna go anywhere for her. And she wants to govern the White house??? She would drive us directly through a bigger recession.

    May 7, 2008 09:42 am at 9:42 am |
  13. Fletch

    I wonder if this is a fundraising ploy on the part of her campaign. We've seen this before. After she loaned herself 5 million a few months ago, she got a big outpouring of donations from her supporters that viewed her campaign as strapped for cash. Will it work this time around?

    May 7, 2008 09:42 am at 9:42 am |
  14. Adam, Houston, TX

    Now we see who the true elitist is. Hillary, if you really care about this country, you should now bow out gracefully.

    May 7, 2008 09:43 am at 9:43 am |
  15. Terry

    Anyone that would contribute to her at this point is throwing their money away. She'll be out of the race by end of May!

    May 7, 2008 09:43 am at 9:43 am |
  16. Dennis, NY

    Why not loan herself money? She probably makes more in interest off her supporters than she does in any other investment.

    May 7, 2008 09:43 am at 9:43 am |
  17. Florida democrat

    It is over for Clinton!!! PLEASE do the party a favor and gracefully walk off the stage and announce your support for the eventual nominee. It was a good run, but it is over. It has to end at some point.

    This is killing the party. Hillary fans please unite behind Obama. Their policies are similar. Hillary would make a great sec of state in an Obama administration!!!

    May 7, 2008 09:43 am at 9:43 am |
  18. fred

    LMAO at the they say CNN is favoring McCain!!

    CNN doesn't have to favor McCain...he will win by a landslide if Obama is the democratic nominee!!!

    GO Hillary!!

    May 7, 2008 09:43 am at 9:43 am |
  19. ezaykiel

    This is getting ridiculous. Even though I'm an Obama supporter, its sad to see Hillary's campaign burning in flames. Honestly I think she should bow out gracefully. There's no reason to keep loaning your campaign money, if your on the losing end.

    May 7, 2008 09:43 am at 9:43 am |
  20. North Carolina

    Hillary can’t even run her campaign in the black, how does she expect run the country?

    May 7, 2008 09:43 am at 9:43 am |
  21. Debbie

    It is obvious that this woman is out for herself. You can't buy an election. Not in the US of A. What is wrong with her. Why won't the superdelegates and DNC stop this madness. SHe is only hurting the party. THe people are voting and we don't want her. How else can you interpret the numbers.

    May 7, 2008 09:44 am at 9:44 am |
  22. A.K.

    What kind of math is this? Why would she need to loan her campaign 6.4 million if she raised 10 after Penn? Was that used to repay the 10 million she was already in debt?

    May 7, 2008 09:44 am at 9:44 am |
  23. Too

    Easy on the lady folks...I am of the school of thought that believes no need kicking someone who is already down. But I do agree that the time has come for her to throw in the towel....really.

    May 7, 2008 09:44 am at 9:44 am |
  24. Mr X

    Go Hillary !! Dig up some more dirt on him, he's not fit to lead .......!!

    May 7, 2008 09:44 am at 9:44 am |
  25. NormK

    Hillary can spend her 6.4 million as she likes, just so the DNC doesn't have to pay it back. I'm worried how I will spend my $30-$40 federal gas tax savings.

    May 7, 2008 09:44 am at 9:44 am |
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