August 22nd, 2008
06:18 AM ET
11 years ago

Disclosure reports show Clinton still deeply in debt

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Clinton is still carrying a sizeable campaign debt.

Clinton is still carrying a sizeable campaign debt.

(CNN) - Well over two months have passed since Hillary Clinton formally abandoned her White House bid, but newly-released Federal Election Commission reports show the New York senator has made little headway in paying off her sizeable campaign debt.

According to an FEC report filed Wednesday, Clinton's debt as of the end of July stood at just under $24 million - a decrease of only $1.2 million since the end of June. More than $13 million of that total is owed to the New York senator herself, while close to $11 million is owed to individual vendors. Clinton has suggested she is not seeking to pay back the money she owes herself.

The report also shows Clinton was only able to raise $2 million in the month of July - down from close to $3 million in June. By comparison, Barack Obama raised over $50 million for his White House bid in the same time period.

The report comes as some high-profile Clinton backers have expressed disappointment Obama has not made more of an effort to help his onetime rival retire her campaign debt.

“He has provided her with a pittance compared to what the Clintons have given Obama,” prominent Clinton backer Lynn Forrester told the Times of London. “Her debt could have been cleared within 10 days. It’s ungracious.”

Obama and Clinton have appeared at a handful of joint fundraising events, and the presumptive Democratic presidential nominee has publicly urged his supporters to donate to his former primary season rival - though at a joint appearance with Clinton at a July fundraiser, the Illinois senator forgot to call on his backers to contribute to her. (He later went back on stage to correct himself.)

According to Clinton's disclosure forms filed Thursday, she owes the most ($5.2 million) to her former top advisor Mark Penn's polling/political consulting firm, Penn, Schoen and Berland Associates.

soundoff (568 Responses)
  1. Christy

    Good. She brought it all on herself. She can afford to make up the difference. Its ridiculous of her to think that those supporters in WV and KY have the money to bail her out.

    August 22, 2008 08:44 am at 8:44 am |
  2. alicia

    Why should Obama help Clinton? Her backers and her so call delegates have literally spite in Obama's face. Where is PUMA why haven't they helped. Talk is cheap action speak louder than words.

    August 22, 2008 08:44 am at 8:44 am |
  3. Dave

    She is a politician, one who knows how to lie, cheat and steal, she will find a way to get out this without using a dime of her funds! And those Libs complain the US is such a bad country, where else can one get away with this (isnt this similiar to embezzlement or writing bad checks?)

    August 22, 2008 08:44 am at 8:44 am |
  4. NOBAMA

    Too bad, arrogant OBAMA wouldn't help her out.

    August 22, 2008 08:44 am at 8:44 am |
  5. Gardie

    Hehehe, no honor among thieves, huh?

    Why should he help her pay off her debts?

    Because he agreed to?

    Since when can a politician be trusted to follow through on promises, especially one campaigning for president?

    ->Gardie

    August 22, 2008 08:44 am at 8:44 am |
  6. proud army and navy mom

    ok, we'll play that game again. Here's a few suggestions:

    Lynn Forrester is a millionaire, you can go ahead and knock old girl debt out while you are running your mouth.

    bill clinton needs to book a few speaking engagements, that will clear it up right quick. Or is he too busy with other things

    all the Puma people can donate that wholde $50,000 dollars they raised. The first lied and report that it was 6 million. oops.... that should wipe it away.

    I will donate $5.00 for every pound Mark Penn loses, that might help some.

    And all the hillary supporters on this blog can demand that John mcbush pay the rest since they are voting for him....ok?

    August 22, 2008 08:44 am at 8:44 am |
  7. Birmingham, AL

    She could've gotten out of the race when she knew that she didn't have the money to run. This is her fault, she and her husband should pay off her debts. And who wants someone in the white house that can't run a successful campaign? Why isn't she using the money she put aside for the general election to pay off her debts? Why is she asking to keep the donations she put aside for the general election until 2012? If I didn't pay my debts someone would come looking for me but if you have the money, pay these people back. Bill and Hillary Clinton are USA ELITE!

    August 22, 2008 08:45 am at 8:45 am |
  8. Michelle, PA

    How, in fact, could Obama have cleared Hillary's campaign debt within 10 days? By law, even if it made sense he could not pay it with his own campaign funds. He has asked his supporters to donate and has held fundraisers on her behalf. Nobody can force people to contribute if they don't want to, and many of Obama's supporters don't want to. Her own supporters are apparently unwilling or unable to do so. It doesn't take a rocket scientist to see Obama has a close, nasty general election fight and needs to put that first, helping Hillary when and if he can. Why all the sour grapes?

    August 22, 2008 08:45 am at 8:45 am |
  9. Obamarican

    He shouldn't help her with anything. Why should he help her pay for the slanderous campaign that she ran against him? She's making demands, holding her delegates hostage until she gets what she wants by using them as leverage. She's bullied herself into a nomination at the DNC, she has her own video in the making that will be aired there, she is going to speak even though this (doing everything she can to see Obama elected) has not materialized. She makes no comment or effort to derail PUMA's attacks and protests. She even has her husband Bill speaking even though he has not said one kind or supportive word about Obama. She deserves to be in debt and even if by some miracle of Christ she managed to steal the nomination from Obama her chances of eve holing higher office were gone when she started all of the theatrics. Just as her 18 million wont vote for OBAMA, I and many like me will never Vote for a Clinton anything, I'd be really surprised if she's even able to get her senate seat back.

    August 22, 2008 08:46 am at 8:46 am |
  10. chicago chris

    hahahaha

    August 22, 2008 08:46 am at 8:46 am |
  11. A.Monet

    Forget Hillary and her supporters...Why don't they help her pay down her debt. Never use more than you can afford to pay for. Lesson learned.

    August 22, 2008 08:46 am at 8:46 am |
  12. EMJ

    Gee, I'd really like to donate to her but all those PUMA anti-Obama immature babies make that impossible. Can't wait to see payback in 2012.

    August 22, 2008 08:46 am at 8:46 am |
  13. HH

    Wait a minute. What about all those 18 million people she is always talking about? The ones who insist her name is on the ballot? The ones that are still sending letters to delegates trying to convince them to change their votes to Clinton and make her the nominee? It's not Barack Obama's or anyone else's debt but hers. And the fact that she owes Mark Penn over five million is even more of an indicator that her money was grossly mismanaged.

    August 22, 2008 08:47 am at 8:47 am |
  14. bingster

    Remind me why Obama owes Clinton anything?

    August 22, 2008 08:47 am at 8:47 am |
  15. Terri in Fl

    I don't get this – if she has 18 million donars, and each were to send $1.50, her debt woudl be gone! I thought these supporters were such strong, faithful supporters? Why aren't they helping their candidate? Why is this Obama's problem now? I've donated consistently to Senator Obama, and I'm not sure I appreciate my money going to Senator Clinton when her own supporters are not stepping up to the plate.

    August 22, 2008 08:47 am at 8:47 am |
  16. Truth Hurts

    can she afford to pick up the phone at 3 AM after mismanaging her campaign,??? looks sour even for 2012-and beyond..bah, let send her a check, anyway its PU that matters

    August 22, 2008 08:47 am at 8:47 am |
  17. anonymous

    Why aren't her supporters helping her raise the money? Most of them aren't giving it to Obama, so why not help Hillary get rid of the debt. I still don't understand why this is Obama's responsibility. American politics are facinating ( I say that loosely)!

    August 22, 2008 08:48 am at 8:48 am |
  18. Ian

    It's Obama's fault that Clinton didn't have the money to keep going?

    August 22, 2008 08:49 am at 8:49 am |
  19. G. Canada

    I cannot belive how ungrateful Barack Obama is for not helping her pay down her debt, after all the money that has come in for his campain , he has more than enough to help her out!! If I were Clinton I would not back him at the convention at all! This guy has no chance of winning without her. Barack Obama doesn't even have a change in hell of winning with election without having her as his running mate for VP.. How dissapointing. SELFISH!!

    August 22, 2008 08:49 am at 8:49 am |
  20. PUMA tuPAC

    cmon PUMA's lets put our money where our bitterness is

    August 22, 2008 08:51 am at 8:51 am |
  21. Doc

    As a citizen, voter, and donor of the Obama campaign basically an outsider, it looks to me that her 18 million supporters were basically a bluff. You mean to tell me that these people can't gather up a buck to help the lady pay off her debt. But, yet insist on Barack's supporters paying it off. That is the most backwards thing i heard. I refuse to pay for any votes. Lynn Forrester is a douche bag still hurt by the turnout, why doesn't she pull together a plan to pay off Hills debt, she's all talk. "Ungracious", What a crock! Vote your heart, you want to vote for Hillary hey write her name on the paper. But to talk about the guy who won the fight despite the odds is ungracious.

    August 22, 2008 08:53 am at 8:53 am |
  22. geen

    why is the simplest solution always the hardest to embrace...All anyone reports or hears from media or Clinton herself is how the 18 million people who voted for her in her loss to Obama is how they need 'closure" (whatever the hell that is?) for supporting the loser that Clinton is...If they are really THAT upset, if they really SUPPORTED her and are heartbroken that her prophecy "this will all be over on Super Tuesday"–hmm...that has to rate right up there with umm...Nixon's "I'm not a crook" and Clinton "I did not have sex with THAT woman! in political history...no?–I figure that if those 18 million hard core and whiny losers really wanted Clinton, they would each contribute, from my calculations, about $1.50 apiece to retire that debt that she is trying to connive out of the Obama supporters.

    August 22, 2008 08:54 am at 8:54 am |
  23. Gary NJ

    Memo to Lynn Forrester: Don't blame Obama for not helping Hillary pay down her debt, blame her supporters. If just 5 million of the 18 million that voted for her (just over 25%) sent in $5 each, the debt would be gone. Or if just 10% of those that voted for her sent in $13.33 each the debt would be gone. So why not ask Sen. Clinton's most ardent supporters (the PUMAs) why they're not doing more.

    August 22, 2008 08:54 am at 8:54 am |
  24. Pat_Pinehurst NC

    Senator Clinton is NOT in debt; her campaign is. Long after she should have gracefully conceded, she kept spending and spending and spending. The ultimate insult was when gas and food prices were going up and house values were going down, she decided to stay in Puerto Rico singing, dancing, and drinking margaritas for about a week with that debt meter ticking.

    August 22, 2008 08:54 am at 8:54 am |
  25. Jim

    All Hill has to do is get back into the cattle futures market. As I remember she was very good at it and she could recoup her (actually Bill's) money very quickly.

    August 22, 2008 08:55 am at 8:55 am |
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