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. Truth Hurts from Liberty Island ; )

    This must be the topics ' HALL OF FAMER', 'cuz thats the 3rd time i'm reading this one-
    cant wait to read it again 2morrow!

    August 22, 2008 08:55 am at 8:55 am |
  2. JDC // Ohio

    Bill should break out his checkbook!

    August 22, 2008 08:56 am at 8:56 am |
  3. Brooke in PA

    I don't get these reports. Last month I heard from sources that the debt was only down to $5 Million and now this. Somebody was giving misinformation. I have donated more than a few times so I'm pretty maxed out and I refuse to see any of my money go to paying Mark Penn. He can go suck an egg for all I care.

    But where are the PUMAS. As Stephanie Tubbs Jones would say "Step up!"

    August 22, 2008 08:56 am at 8:56 am |
  4. AVEE capitalcityVA

    All those so called Clinton supporters complaining about what Obama has not done to retire her debt, what have they done to help erase it? NOTHING!!!! Grow up and put up or shut up.
    No one likes a childish sore loser.

    August 22, 2008 08:57 am at 8:57 am |
  5. Deborah

    Obama stopped being a viable candidate once we all learned about his 20 year mentorship with Rev. Wright.

    Now we are stuck with a candidate that can't win the General Election.

    This Lifelong Democrat will be voting for McCain.

    I know I'm not alone.....if Obama thinks the party is united and just because we are registered with a history of never voting Republican he has our vote he is VERY wrong!

    He needs to do something more then continue the Hate Baiting if he wants to win the White House.

    August 22, 2008 08:58 am at 8:58 am |
  6. ObamaAllTheWaytoWH

    "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"

    I think I have to stop reading this stupid blogs by wolf Plizer, since when does a nominee raise money for the loser, he is still running against republican machine he needs the money more than her, besides when is she going to take the resposiblity of her reckless spending and admit he deafeat and move on. I think media had died in this election when people like Wolf plizer, lou dobbs, sean hannity. bill O'relley entered the news media.

    August 22, 2008 08:58 am at 8:58 am |
  7. Kim

    Good grief! I like both Obama and Clinton. If Clinton had won the nomination, I would have supported her with the same fervency as I am Obama. Based on the rules that were agreed to, Obama won the nomination. So, her supporters really need to move on. They remind me of a jilted lover who just cannot get on with their life. Senator Obama did not accrue Senator Clinton's campaign debt. Why should he have to clear her debt? Is eight years of disastrous Bush-Cheney policies not enough to want better for this country?

    August 22, 2008 08:59 am at 8:59 am |
  8. JB, Boston

    She is not broke, she has more money than I ever will make. Why should I pay off her debt?

    August 22, 2008 08:59 am at 8:59 am |
  9. e.

    Where are Hillary's supporters? Are they trying hard enough and help to pay off her debts? As far as Obama is concerned, he has asked his donors to contribute and he has put her on his website from the beginning. Possibly donors are somewhat short of funds (I know I am). I will send money to help with her debt but I will not be able to do so until the first of Semptember and it will be just $10.00 (the same I send to Obama). I think it is hard for many of us to make two donations; I, as others, had to pay off bills or are still burdened with bills. We want the candidate of our choice to win and therefore the donations are sent to him first. We do want to help Hillary out but the money just is not there. As usual, the blame is put on Obama's shoulders and he has to fight a seriously "dirty" campaign (so much for the statements that McCain had made where he promised some civility but delivers fabricated dirt). Some of Hillary's supporters and some member of the media seem to forget to mention and mention again that our economy is in bad shape and that therefore so are we. Hillary conducted a splendid campaign and we respect her for that, but there is only so much that can go around. No, Obama is not ungracious, he is fighting the dirt that is coming from several directions. A suggestion should be made to the so called scholar Corsi (or whatever his name is) to help with Hillary's debt instaid of trying to bring this country down at any cost. With a name like Corsi, I am pretty sure his family came here because the country of birth kept them in poverty and drowned them in a serious lack of respect. A suggestion should be made to McCain: be civil and truthful, conduct a campaign based on merits you might have, show integrity and respect for your opponent, be the war hero; you, McCain are the one and the one only governed by dreams of power.

    August 22, 2008 09:01 am at 9:01 am |
  10. Spencer

    Why won't she ask her die hard PUMA'S for a loan.

    August 22, 2008 09:01 am at 9:01 am |
  11. Miss C

    Use her funds to pay her people and let this be old news.

    August 22, 2008 09:01 am at 9:01 am |
  12. Kevin

    This is what happens when you keep running a campaign long after you have lost.

    August 22, 2008 09:02 am at 9:02 am |
  13. Marc

    How many houses do the Clinton's have again? What is their net worth? Do they really expect people to donate to their cause? Hillary and Bill can make that money back with one good book.

    August 22, 2008 09:02 am at 9:02 am |
  14. Open Your 3rd Eye

    WHO CARES!

    IT'S CALLED SELF RESPONSIBILITY!!

    August 22, 2008 09:03 am at 9:03 am |
  15. Scott

    The neverending sense of Clinton entitlement has ceased to amaze me, but it still chagrins. Who forced her to run and spend millions for a job that only pays $400,000 a year? Perhaps she intended to be president for life to recoup her investment?

    She took an investor's risk and she LOST, happens every day all around the world and only the delusional elite believe they need to be bailed out.

    Let Barak spend all of HIS money on defeating McInsane and let history forget Hillary.

    August 22, 2008 09:04 am at 9:04 am |
  16. MARY

    Where's her 18 million supporters? Come on guys send her $2.00 – pay her debt. She'll only make $20 mil in books sales.

    August 22, 2008 09:05 am at 9:05 am |
  17. Yes Virginia, there is such a thing as being too old and mean to be President!

    If Hill couldn't manage her own campaign's budget, exactly how was she going to manage the $3 trillion U.S. budget? The Dems clearly made the right choice in selecting Obama.

    August 22, 2008 09:05 am at 9:05 am |
  18. J

    Mark Penn bungled her campaign, he should do the right thing and just write off the debt.

    August 22, 2008 09:07 am at 9:07 am |
  19. GAS

    Thanks to the media she is in deep debt.

    August 22, 2008 09:07 am at 9:07 am |
  20. dan nyc

    Obama is not worthy of our support or our votes. Stop giving him money. He continues to lie about the change he is bringing while offering the same nasty politics. When it comes to situations like this – I will choose the evil I know in McCain rather than all the uncertainty with Obama. We still have no idea who he is. Is he the guy that listened to Rev Wright for 20 years or is he an agent of change? Still wish Hillary was our candidate. At least I know I could vote for her. Dean and Obama have destroyed the democratic party in favor of a fancy show.

    August 22, 2008 09:08 am at 9:08 am |
  21. ujw, ny

    First of all, Clinton should sue Mark Penn for breach of contract – he clearly had a very obvious and public conflict of interest when he went to Colombia to negotiate trade agreements in defiance of Clinton's position.

    Secondly, since when is it the winning candidate's responsibility to retire the loser's debt – especially when the bulk of it was incurred long past any reasonable chance of Clinton's ability to win the nomination?

    Clinton bet the pot that she had the winning hand and she lost it all – neither a wise nor prudent decision.

    August 22, 2008 09:08 am at 9:08 am |
  22. Jane - PA

    Come on!!! Are we trying to win the Presidency and have Barack Obama in the White House or do we want to focus on Hillary's dept from her bloated campaign? Why should we pay for her reckless spending?????

    August 22, 2008 09:08 am at 9:08 am |
  23. D R

    Read this Clinton faithful! This is the reason eleven percent of you are willing to vote against Obama. Your vote for anyone other than Obama is a vote for McLieberman. That vote will ensure that WW3 is right around the corner.

    Clinton followers you need to understand that Hillary will have a very important role in this administration. One in which she has as the chance to redeem the Clinton name after we impeached them from the white house.

    August 22, 2008 09:09 am at 9:09 am |
  24. Isaac

    The Clintons have a net worth of over $100 Million. They are fully capable of paying off their own debt. Why should the Obama Campaign, or anybody else for that matter, have to foot the bill?

    Get some integrity, people!

    August 22, 2008 09:09 am at 9:09 am |
  25. Seriously?

    ". . . little headway in paying off her sizeable campaign debt." I can't believe it. If only the PUMAs would put their money where their mouths are.

    Obama '08

    P.S. Should Obama lose this election due to the Clinton (now McCain) supporters, a/k/a PUMAs, do you really think Clinton will be elected in 2012? Karma.

    August 22, 2008 09:09 am at 9:09 am |
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