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. Barb

    It's ungracious? How is it ungracious to not pay for someone else's mismanagement of their campaign when they did everything to malign and attack your character and provide more than enough fodder for the Republicans to use in the general campaign? How is it ungracious when she had done very little to support and try to win over her PUMAs to support a democratic candidate particularly since the news of the new wording on the regulation to try to put any contraception method used by women under the umbrella of abortion. 3/4's of conceptions never implant, so I guess every women is guilty of abortion at some point in her lifetime. Maybe that's the point. Women are guilty. This is what the PUMAs what to support?

    August 22, 2008 07:29 am at 7:29 am |
  2. Miss C

    Cnn who cares about Clinton~let each one of her supporter donate a dollar, Clinton is HISTORY, and I'm not saying the first PRESIDENT.
    Got-D hill.

    August 22, 2008 07:29 am at 7:29 am |
  3. Char for Obama 08 & 12

    IF CLINTON BACKERS WOULD QUIT COMPLAINING
    SO MUCH, PERHAPS THE DEBT WOULD BE GONE
    TRYING TO STRONG ARM OBAMA INTO, ISN'T GOING
    TO WORK. MAYBE LYNN FORRESTER TO READ A
    BIG FAT CHECK AND PAY IT OFF!! OR SHUT UP!!!!

    August 22, 2008 07:29 am at 7:29 am |
  4. Bill From Florida

    Mark Penn should not get one red cent and the Clintons already
    made a statement they were not going to try and recoupe their own money they put into the campaign. Why is everyone so worried about Clintons debt, I'm sure they will take care of it. We need to focus
    on Obama, he is loosing big time. More and more people will not vote for him or they will vote for McCain. That is certainly more important than Clinton's money woes.

    August 22, 2008 07:29 am at 7:29 am |
  5. E

    Hopefully this can all be resolved soon. I am a high Hillary Supporter and hope this can all end.........................................With her being the YP!!

    August 22, 2008 07:30 am at 7:30 am |
  6. Char for Obama 08 & 12

    IF CLINTON BACKERS WOULD QUIT COMPLAINING
    SO MUCH, PERHAPS THE DEBT WOULD BE GONE
    TRYING TO STRONG ARM OBAMA INTO, ISN'T GOING
    TO WORK. MAYBE LYNN FORRESTER TO WRITE A
    BIG FAT CHECK AND PAY IT OFF!! OR SHUT UP!!!!

    August 22, 2008 07:30 am at 7:30 am |
  7. David B, Ashland, OR

    Forrester says it is "ungracious...compared to what the Clintons have given Obama"? My goodness! Does she mean nasty treatment and dissing?

    August 22, 2008 07:31 am at 7:31 am |
  8. r oliver

    I had an appifeny of how to start the urgent reform essentissal for democracy to survive the twenty first century .First ethics need to supersede the obscenitys practiced in Washington. To start this reform Mr Obama needs to call for the resignation and investigation into the obvious corruption in the speakers chairs,Mr Reed with his four lobbyist sons plus his lobbyist son in law show both a untenable conflict of public and private intrests plus a arrogance towards ethics bordering on neo con obscenity.As to Mrs Polosi one could ask the speaker to read the constitution and hold her to account for the treason she committed in her negotiations with Syria. Lastly reforms must be placed on the unelected party professionals ,lobbyists,and political commentators who's use of talking points ,lies and a corrupt media to prevent any meaningful policy from going forward.

    August 22, 2008 07:33 am at 7:33 am |
  9. PA for Obama

    To the Clinton supporters for McCain.

    How can you ignore all the reasons why you are a democrat and vote for McCain? I too voted for Clinton. However, for me it is more important to elect a democrat, whether it be Clinton or Obama. Free choice, education and health care are issues that are very important to me and are at the heart of the Democratic Party. These are not republican issues. A women’s right to choose will be in jeopardy if McCain is elected. Restoring our integrity in the world will not come about with McCain in the White House. Please reconsider voting for McCain. Put aside your disappointment and vote for the good of the country.

    Obama ‘08

    August 22, 2008 07:34 am at 7:34 am |
  10. ANGIE

    Its not his responsibilty to pay the slime mark penn, You know the one that wanted to smear him paint him as unamerican so now obama has to help pay him yeah right!!!!!!!! only a fool would do that!!!!!

    August 22, 2008 07:34 am at 7:34 am |
  11. pat C.

    I AM INSULTED THAT THE HILLARY PUMAS THINK WE OBAMA SUPPORTERS SHOULD PAY OFF HILLARYS DEBT WHILE THEY SIT ON THEIR BUTTS AND DO NOTHING TO HELP HER. SO MUCH FOR THEIR LOYALTY TO THE QUEEN. WE OWE THESE IDIOTS NOTHING. THEY SHOULD HAVE PUT THEIR MONEY WHERE THERE MOUTH IS A FEW MONTHS AGO TO GET HER OUT OF THIS MESS. JUST SHOWS WHO THE STRONGEST SUPPORTERS ARE HERE. HILLARY SHOULD HAVE STOPPED WHEN SHE RAN OUT OF MONEY. SOUNDS LIKE GEORGE BUSH TO ME. LET HER BORROW FROM CHINA. I HEAR THAT IS THE AMERICAN WAY THESE DAYS.
    DOWN WITH HILLARY!

    August 22, 2008 07:35 am at 7:35 am |
  12. Mommyof2

    ...and all of her tenacious supporters think she would have been best qualified to handle the economy, because - well, why exactly?

    Sorry guys - not to be snarky, but it doesn't speak well to her management skills. That's all I'm saying.

    August 22, 2008 07:36 am at 7:36 am |
  13. The Man

    Don't Blame Obama for clintions debt. He is running for the highest office in the land, and he should have to worry about a debt CLINTON created herself.....Give me a break, clinton has done nothing for obama...He owes her NOTHING!!!!!!!.....

    August 22, 2008 07:37 am at 7:37 am |
  14. Susan, Boston

    She should stop wasting her time raising money for Obama and concentrate on raising money to retire her debt. Obviously Obama was no help in doing so.

    August 22, 2008 07:37 am at 7:37 am |
  15. tony

    It is absurd to ask Obama to bail out Clinton's failed campaign. If it wern't so sad, one would have to laugh at the prospect of someone asking Obama to pay for all the negative ads and the negative consultants Clinton used to smear him.

    August 22, 2008 07:37 am at 7:37 am |
  16. george

    Most advertising businesses always require politicians to pay first before any services are rendered. Others should follow that lead. It is ridiculous that anyone gets in so much debt and that anyone is allowed so much debt. If this is how she manages her accounts then thank the smart-thinking Democrats that Hillary is not going to be our next president.

    August 22, 2008 07:38 am at 7:38 am |
  17. EXEC

    Correction: If you have a stack of bills and no money to pay them, then you're in debt. If you have a stack of bills and the money to pay them but choose not to pay them than you're a deadbeat.

    August 22, 2008 07:39 am at 7:39 am |
  18. Rip

    Apparently the idea of weath disribution only applies if the Democrats are taking the wealth from Republicans and giving it to Democrats. If the Chosen One wants to set the example of how he wants to make things more financially "Fair" in America, he should start here and give Her Highness 12 million.

    August 22, 2008 07:39 am at 7:39 am |
  19. Typical White Man

    I don't like either one but why should he pay her bills? Then again they are Democrats so since he has more money than her he should be forced to pay for her mistakes, isn't that the liberal way?

    August 22, 2008 07:40 am at 7:40 am |
  20. r oliver

    trying to remember which of the keating five mr mcain was 1-5 ? nothing like a honest washintonion am also wondering if the four years mr mcain has thus far spent running in three different presidential election cycles is counted as time served in the senate.

    August 22, 2008 07:40 am at 7:40 am |
  21. Ellen

    If people weren't so angry with Senator Clinton for how she acted during the campaign (and since it has ended), she might raise more money. However, since she has done nothing but give lip service to her supporters about backing Obama, she will get no money from me. If she were to do some real work to make sure a Democrat gets elected, I might send her a check. But right now, Obama needs the money in order to undo the damage she has done.

    August 22, 2008 07:41 am at 7:41 am |
  22. Tom

    Clinton was the one who stay in the race even though the writing was on the wall. She should have conceded earlier instead of spending more money. Power hungry Bill thought he could strong arm some people. Obama won and Hillary should have acceptted that fact.
    The debt is hers to pay !!!

    August 22, 2008 07:41 am at 7:41 am |
  23. oe

    Could someone explain why some HRC supporters think Obama should pay her debt?

    August 22, 2008 07:41 am at 7:41 am |
  24. Ann

    And he wonders why so many Clinton supporters are withholding their support from him? He's not even good at pretending he wants to help her. I don't care what they both say, I'm sure they dislike each other intensely – at least she's professional enough not to show it.
    PUMA

    August 22, 2008 07:41 am at 7:41 am |
  25. Gee, Alabama

    Why should Barack clean up Clinton's financial mess. How ungracious to even suggest that! If she can't even run a campaign how was she ever going to run a country? If each and everyone of here supporters would give $1.30 her debt could be settled tomorrow.

    August 22, 2008 07:42 am at 7:42 am |
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