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. Haven't made up my mind yet!?!?

    Not surprised by this.

    August 22, 2008 10:32 am at 10:32 am |
  2. Another grumpy old white woman for Obama

    Stupidity, dishonesty and irresponsibility deserve no rewards.
    Nobody gets a free ride, Hillary.
    Like my Mom always told me:
    "You made your bed, now lay (LIE) in it"
    Your true color showed up in the primaries and it was RED.

    August 22, 2008 10:33 am at 10:33 am |
  3. ANGIE

    Well maybe if the clinton supporters would stop saying their voting for mccain and saying hateful nasty things about obama the obama supporters might help her, But why should the obama supporters help HILLARY HAS DONE NOTHING ZERO TO UNITE THE PARTY!!!!!!!!!!! AND REALLY GET BEHIND OBAMA!!!!!!!!!!!

    August 22, 2008 10:33 am at 10:33 am |
  4. Sparky

    The smart move would be to pay off her debt. He's toast, hope you enjoyed nominating this empty suit?

    August 22, 2008 10:34 am at 10:34 am |
  5. Isaac

    The Clinton's have a $100 million in their collective pockets. They don't need us or Obama to bail themselves out.

    August 22, 2008 10:34 am at 10:34 am |
  6. sas

    Jano1234 why dont you and your followers pay 2 dollars each and help her out..... or you just another republican posing as a democrat

    August 22, 2008 10:34 am at 10:34 am |
  7. Cathy

    If Clinton does the right thing at the convention she will get another $25 from this Obama supporter.

    August 22, 2008 10:35 am at 10:35 am |
  8. Randy S.

    So, what, are we supposed to feel sorry for her?
    Hell I make <$50K a year with a $15K debt, alimony and an 18-year-old daughter to support. I wish someone would retire my debt as well.

    But, guess what, I'm the only one that's gonna do that. It's called individual responsibility.

    August 22, 2008 10:35 am at 10:35 am |
  9. Maria

    While Hillary supporters are being so disrespectful as to cast votes for her on the convention floor, should they not be out raising money to pay off a debt that would not have gotten that high if she had accepted her defeat earlier and got out of the race.
    Where are the people of Ohio, Pa. Indiana and Ky when she really need them? Oh, I forgot they are out working hard.

    August 22, 2008 10:35 am at 10:35 am |
  10. bill in nyc

    all these angry supporters of her bash obama and his supporters...but they can't even help this debt out?! where's PUMA on this one? still claiming the "gender card" cost them this election?!

    Get over it and help her out...

    August 22, 2008 10:35 am at 10:35 am |
  11. Kris

    I am really annoyed at Clinton and her supporters for insisting that Obama help her retire her debt. Obama has a campaign to run against John McCain. His responsibility is not cleaning up the mess that was Clinton's financially mismanaged campaign. Had Hillary Clinton won the nomination and Obama was in debt, she would not have done a thing to help Barrack. Hillary needs to tap those "18 million" supporters that she keeps throwing in Obama's face. If each of them gives her just $1.34, then we wouldn't be having this discussion.

    18 million Hillary supporters, if you're so supportive, WHERE ARE YOU NOW!!!

    August 22, 2008 10:36 am at 10:36 am |
  12. robert

    I wouldn't worry too much about Hiliary' financial pickle. She has a history of not paying for what she owes. Just think of all the Whitewater investors that they stole from to finance Bill's presidency. The Clinton's have plenty of cash in their "charitable family trust" to retire their own debt.

    August 22, 2008 10:36 am at 10:36 am |
  13. Mark W

    18 million vote but not a one of them will even give her even one dollar to pay off her debt. Maybe if she had given up a little sooner she would not have been so far behind. But no she had to fight the losing battle to the bitter end. Lets all hope she did not ruin it for the democrates come November!

    August 22, 2008 10:36 am at 10:36 am |
  14. gapeach

    don't know why all these weathly Clinton donors are blaming Obama. Obama can not make his top donors give money to Hillary, he can only ask them. They need to put their money where their mouths are. Beside Hillary has no one to blame but herself, she should have conceded when there was no chance to get the nomination but instead she continued to rack up more debt in a hopeless cause. What happened to all her women voters, P.U.M.A. fanatics and her hard working americans in Kentucky and West Virginia. They can't donate a $1.50 a piece to their idol to get her debt paid off.

    August 22, 2008 10:36 am at 10:36 am |
  15. rob

    Hillary wasn';t a viable candidate once we heard she was backed by the Bilderberg Group. And where are all these supporters of Hillary's ? Why aren't they getting her out of debt ? Hum–could it be its all just talk and they really don't support her

    August 22, 2008 10:37 am at 10:37 am |
  16. Hillary Clinton Supporter

    After reading these blogs, I am more convinced than ever that the Democratic Party is hateful and mean spirited. I have been a Democrat all my life, but I have left the party to become an Independent. Reading all these hateful people posting vitriolic comments has convinced me that I have made the right decision. You people are mean and nasty, and I, for one, have no desire to belong in the same group. And you wonder why Hillary Clinton supporters will not support Senator Obama. Well, read the posts, look in the mirror, and clean your mouths out with soap. Senator Clinton really should create a viable third party. I, for one, would be the first to join. You Democrats are worse than the Republicans. You want to talk about how divisive Karl Rove is but refuse to recognize the same in yourselves. Pathetic.

    August 22, 2008 10:37 am at 10:37 am |
  17. Haven't made up my mind yet!?!?

    Hard to believe. NOT!

    August 22, 2008 10:37 am at 10:37 am |
  18. karen-phoenix

    I was a Hillary supporter but after Super TUesday she should have dropped out and she would be out of debt and probably VP!!! Her ego got in her way.

    August 22, 2008 10:38 am at 10:38 am |
  19. mike

    If Obama loses in November...it will be Clinton's fault....certainly not that un-inspiring old bafoon McCain. Id say let her pay her own debt and good luck winner over Obama supporters in 2012.

    August 22, 2008 10:38 am at 10:38 am |
  20. FedUpDem

    I will not vote for obama were he to pay her debt and pich her for VP

    NEVER oprabama...no to arrogant lying sexist racist flip-flopping panderers and no to his hypocrite supporters who ignore those things while complaining about them in others.

    August 22, 2008 10:41 am at 10:41 am |
  21. windclimber

    UNBELIEVABLE!!!!!!!!!!.......... (pardon the pun...we are talking of the Clintons)

    She expected to be the Chief Executive of the most powerful, wealthiest country in the world?

    Hopefully the voters of this country wise up, this is how we are to view an example to the downtrodden, underprivledged, taken advantage, Americans this woman and her rival claims to represent, and want to help.

    The pooooor people that the evil right wing conspiracy swindled, played on thier fears, and then somehow has kept them from their American dream.

    If the voter that supports a person that squanders money for their quest of undeserved power and self gratification, then wants someone else to pay the debt, needs to look deep into themselves as to what kind of American they are.

    One who rolls their sleeves up and makes it on their own and accepts accountability , or one who whines they want someone else to give it to them because somehow they deserve it.

    Then if they fail, as we all do from time to time expect someone else or the government to bail them out.

    These are posers, NOT true to themselves Americans.
    Painfully evident in in the "leaders" they choose.

    August 22, 2008 10:41 am at 10:41 am |
  22. Donkey Party

    I refuse to help Hillary because she is insincere, and her followers are nothing more than a pack of wild dogs.

    August 22, 2008 10:43 am at 10:43 am |
  23. Seriously?

    Your comment is awaiting moderation.
    ". . . 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 10:44 am at 10:44 am |
  24. starfire426

    I've yet to see on this post on any other relating to Hill's campagn debt any PUMA stating a reason as to WHY they expect Obama supporters to retire her debt (in other words pay off Mark Penn – NOT GONNA HAPPEN WITH MY MONEY) and yet they never explain why they're not contributing to this cause!!!! Granted, I firmly believe that those vendors (especially the smaller ones) should be made whole, post haste, and I have no problem with that.

    However, I do have a VERY big problem with PUMAS (especially the wealthy ones) attempting to DICTATE to Senator Obama and his supporters how we should be "gracious" when Hill has barely lifted a finger to aid him since the primaries ended. What she has done to help him has barely been lukewarm, at best.

    So PUMAS, my advice to you would be...it's summertime...set up several thousand lemonade stands all across the country and then give the proceeds of that to your darling candidate to settle her money issues....and remember "when life hands you a lemon, make lemonade!" Good luck with that!

    Obama/08

    August 22, 2008 10:44 am at 10:44 am |
  25. Adam

    If she really wanted his help, she would act like she wanted his help and do some real campaigning and bring you Democrats closer together. She is going to cost Obama the election. How much would you be willing to pay for that? McCain should consider Hillary for his running mate. She is doing more to get him elected than anyone.

    August 22, 2008 10:44 am at 10:44 am |
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