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. McDraft

    It's too bad that the PUMAS are not as willing to open their wallets
    as they are their mouths

    August 22, 2008 10:10 am at 10:10 am |
  2. BW

    I don't understand why Obama should be required to pay off Hillary's debt. It's her debt. Just like other posters have said, she should have ended her campaign run when it was obvious that she wasn't going to win the nomination. She loaned money to her own campaign against better judgement and lost. She needs to figure out how to pay it back.

    August 22, 2008 10:10 am at 10:10 am |
  3. Betty Mack,

    I still say there is a chance she could pull this out. As faithful volunteers, we have decided to support McCain if she doesn't get the nomination. In addition, monst of us who have been democrat all our lives have rethought our party affiliation since it seems that our party has been hijacked by far left radicals.

    August 22, 2008 10:10 am at 10:10 am |
  4. Phil in KC

    I don't really feel sorry for her.
    First of all, it was her decision to rack up this debt. If she took on this debt with no way to repay it, then she has no one to blame but herself. Neither Obama nor anyone else should feel obligated to pay it back.
    Second, a month or two on the speaking circuit by Bill should pay for it. Or what about their book royalties?
    Third, anyone who would loan a failing campaign money with no collateral should expect her to default on the loan. That's their stupidity.

    August 22, 2008 10:10 am at 10:10 am |
  5. Eddie Zalez

    Attention PUMA's: 18 million voters @ $1.50 should take care of it. Less if her stupid pollter ( Mark Penn) doesn't get paid. Another idea: have Bill give a few more speaches @ $50K in the next few months.

    Really guys, get real... why should we pay for her bad choices?

    August 22, 2008 10:10 am at 10:10 am |
  6. tired of HRC

    Look if HRC has so many supporters why dont they all donate a few bucks? then voila! all of her debt will be gone!

    funny thing is – her own supporters would rather push it off on someone else and blame obama for not wanting to help. yeah right – grow up! its not obamas responsibility or his problem. if she can donate millions of her own money to her campaign why cant she get out of debt?

    lets be realistic people

    August 22, 2008 10:10 am at 10:10 am |
  7. Lisa-Fl.

    You Obama bloggers are the most hateful people I have ever come across. I & many other former Hillary supporters who read these blogs will never vote for your candidate. Keep up the hate & watch Obama's defeat.

    August 22, 2008 10:10 am at 10:10 am |
  8. PUMA PRIDE

    THATS A LIE
    HILLARY HAS PLENTY OF MONEY BECAUSE 18 KILLION VOICES VOTED FOR HER AND WE ALL GIVE EVEN A DOLLAR SHE CAN'T BE POOR!

    August 22, 2008 10:10 am at 10:10 am |
  9. Maggie

    T'SAH – not sure about other states but in New York you have to be a REGISTERED DEMOCRAT in order to vote in the democratic primary.

    August 22, 2008 10:11 am at 10:11 am |
  10. steve jobs

    why do you guys support the clintons. that is so gross.
    people that will lie, cheat and do anything to be elected.

    bill clinton and the clintons set the worst examples for our kids.
    do you know how many kids in grade school were talking about
    getting a lewinsky

    "I never had relations with that women." hillary was right behind him with the spinning and BSing

    August 22, 2008 10:11 am at 10:11 am |
  11. CJKatl

    There should be a law requiring all campaign debts be paid before a person can start a new campaign fund for another office. In other words, until these debts are settled, no new run for President.

    Hillary chose to stay in the campaign even after it was impossible for her to win. Everyone with a brain told her she could not win. And she proved them right. Even doing well in the final primaries, she lost. There was no chance.

    This shows what a bad leader she is. She cannot make hard choices. Like ending the campaign when it was clear the race was over. She took the wimpy route – spending money she did not have. She drove her campaign into needless debt. A mountain of it.

    She ran a horrible campaign. Her people's fights over who was in charge showed she was not. The fact Bill would make the final word on whether an ad should run showed Hillary was not in charge.

    For the life of me, I cannot understand why Obama should in any way be responsible for paying off the firepower that was needlessly unleashed against him. The Clintons don't seem to get that they lost, and to the victor goes the spoils.

    Bill Clinton has done more to hurt Obama than help. Thankfully, his wife's campaign showed the American public doesn't care a lick about what Bill Clinton thinks.

    Let them gripe all they want. The press should have more important things to cover right now than the losers in the primary. The press seems to have gotten the message with Huckabee, Romney, Edwards – save the babymama scandal, and Paul. Why don't they treat Hillary like the other losers and just ignore her?

    August 22, 2008 10:11 am at 10:11 am |
  12. the Nightingale Sings in Berkley Square

    Is Obama for real or not? Is he a Muslim or not? Is he inexperienced or not? Did he get a sweetheart deal from Rezko or not? Is he afraid f Putin or not? Will he ask for Hillary or Biden or neither? Unfortunately in this world of ours, where there is smoke there is fire. We live in a dangerous world.

    So some of the above may or may not be true, but on the other side of the coin some or all may be true.

    So in my humble opinion, Obama is a risky candidate and do we want
    to gamble on our country's future with a questionable leader? or do we want a proven leader.?

    Why take the risk or the gamble when we have a leader in John McCain, a man, who will protect our country and our values. No gamble with John McCain.

    August 22, 2008 10:11 am at 10:11 am |
  13. Chris11

    It doesn't matter...Obama won't win!

    August 22, 2008 10:12 am at 10:12 am |
  14. Danny, OH

    And people like Deborah, why don't you vote for Ralph Nader? "If Clinton is not on the ticket I am not going to vote". Who cares? Clinton and her supporters have branded Obama with so many names and now she wanted to be his number 2. What a looser.
    After paying for ugly ads against Obama, you expect him to help you pay for it.
    SO SAD

    August 22, 2008 10:12 am at 10:12 am |
  15. jjones

    I refuse to send her any more money so long as she is out there promoting Obama. I will not be voting for Obama.

    August 22, 2008 10:12 am at 10:12 am |
  16. Disco

    I owe about $15,000 in student loan debt. Maybe I should set up a web site pleading with people to pay it for me. Then I could live the dream like Hillary.

    Why should anyone, ANYONE, give her money to pay off a failed campaign?? Hey, Hillary, YOU'RE RICH. PAY IT YOURSELF.

    August 22, 2008 10:12 am at 10:12 am |
  17. Xavier, Saint Louis, Missouri

    It just goes to show you that all of her "18 million" voters and those PUMA idiots are really not her supporters after all. However, I can't totally blame them for bailing her out, because she ran up the bill even when it was obvious that she couldn't win. That's call being irresponsible. I wouldn’t give her a penny!

    August 22, 2008 10:12 am at 10:12 am |
  18. Marge

    How can you have 18 Million die-hard supporters and still be in 'deep debt"?
    Maybe she will take up a 'collection" at the convention!

    August 22, 2008 10:12 am at 10:12 am |
  19. Mike in Columbus

    Where you at PUMAs? Put your money where you collective mouths have been.

    August 22, 2008 10:13 am at 10:13 am |
  20. Betty Mack,

    I do not understand why I am being censored? I have NEVER used bad/foul language and I defy ANY censor to show me where I am wrong. I was told to moderate one post and I changed a phrase but I still didn't use bad or foul language nor will I ever.

    August 22, 2008 10:13 am at 10:13 am |
  21. When will the insanity end?

    There are Federal laws that prevent Obama from giving his supporters campaign contributions to the any of the losing candidates. He is holding/attending nice fundraisers for her and he and Michelle have donated the maximum allowed. If she has cash on hand which is more than her debt, doesn't that wipe out her debt or is that for her next Senate run? I'll see what happens at the convention next week before I donate anything to her campaign.

    August 22, 2008 10:14 am at 10:14 am |
  22. arlene, CA

    the 18 million Hillary claimed she had are the ones who should be coming to her aid. Some claim they are behind her yet, so why aren't they paying off her debt ? She stayed in the race when it was obvious she could not win & tried everything to take Obama down, now she wants him to pay her for that?? Hillary should be strongly urging the 18 million to help her out.

    August 22, 2008 10:14 am at 10:14 am |
  23. AgathaX

    “He has provided her with a pittance compared to what the Clintons have given Obama,”–Wow.

    Hillary has been sunk by her own narcissism and tin ear. She loves what her die-hards are saying so much she doesn't notice that they are far more vocal than numerous. However, the lack of money coming her way should have clued her in. What Clinton has never realized is that nothing would increase her intake like a stinging rejection of her little band of haters.

    No Kept Man in 2008, No Clinton in 2012.

    August 22, 2008 10:15 am at 10:15 am |
  24. Vas Deferens

    Gee, I feel bad for her. I have a couple of nickels I could give her.

    August 22, 2008 10:15 am at 10:15 am |
  25. Pop

    I feel so bad about Hill being squeezed out of the nomination... now we have a candiate who has the audacity to say the greatest moral failing of the country is that we don't follow the admonition in Matthew "what you do for the least of these my brotheren you do it unto me", and his own real life brother is living in squalor in a shanty on one dollar a month.

    What a fraud... His fraudulence.. the heir to the thrown.

    August 22, 2008 10:15 am at 10:15 am |
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