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. larryh wi

    Whaaa, whaaaa, cry cry cry, to fricking bad, she gambled and lost big time, and is now taking with her all those fools that backed her. Ha ha ha. Poor Nobama who earned 4 million in wages last yr, lives in a 1 million dollor home, and has millons in contributions is now expected to pay off her debt, maybe he should after all isn't that the democratic way, take from those who have earned it and give it to those who haven't.

    August 22, 2008 07:43 am at 7:43 am |
  2. Doug

    Explain to me again why Obama is responsible for any of this? If he chooses to help her with fundraising efforts, fine. But it isn't his fault she is in debt.

    Plus, she's allowing the McCain campaign to indirectly use her commentary from the primaries to discredit Obama.

    Finally, Lynne Forrester is nuts. The Clintons have done so little for Obama, I'm starting to think they're republicans.

    August 22, 2008 07:44 am at 7:44 am |
  3. Larry Hardiman

    I am so sick of the attitude of the Hillary supporters! I as an Obama supporter will never support Hillary Clinton. Grow up people you lost join the rest of the party or form your own!

    August 22, 2008 07:44 am at 7:44 am |
  4. The Bu

    God Bless Hillary Clinton, but her supporters need to understand that it is not Barack Obama's fault that she is so much in debt, so it should not be his responsibility to retire it. That's her job! He won! Get over it!! It is not "ungracious" as one of her supporters has stated. It's reality. She kept racking up debt long after we all knew that, mathematically, there was no way she could win it. I'm sorry, but it's just not his responsibility. It is hers! The facts are what they are.

    August 22, 2008 07:44 am at 7:44 am |
  5. Elaine

    "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'm sorry, but I must've missed something here...What exactly should Obama do? My understanding is, due so some law, Obama cannot outright pay off her debts. He asked his supporters to help her out, he had a couple of fundraisers to help her out. Didn't Bill Richardson throw her two fundraisers recently? How much more of an effort does Clinton backers expect Obama to make?

    PUMA and all those other anti-Obama organizations can't expect to have their cake and eat it too. Everyday on this blog I keep reading about her 18 million supporters and how disappointed they are that she did not get the nomination and that some of them will vote for McCain or stay home, etc.

    Come guys, if 18 million of you are really out there, then show Clinton some love and support by donating $1.00 to clear up her debt. Think about it...just $1.00 and she's debt free.

    August 22, 2008 07:45 am at 7:45 am |
  6. Ron

    Why is this news !!!!
    I'm not going to say let her 18 million supporters pay off her debt , like most of the comments on these blogs. Take away the Rush Limbaugh's kids and there is no 18 million supporters.
    People & CNN she lost,,,,,,,,,,,,,get over it.
    Sorry Wolf your going to have to stay in the "situation room".

    August 22, 2008 07:45 am at 7:45 am |
  7. Tammy - KCMO

    “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.”

    I would like to know just what the Clintons have given Obama? I don't all her supporters (Forrester included) helping Obama and the DNC. I don't see Bill Clinton supporting Obama. He still can't bring himself to say that Obama could make a good president. I don't see Hillary trying to get her supporters (PUMA, etc) to unite and back the presumed nominee. I continue to see whining and complaining from her supporters.

    Unless we see this change you can expect that Obama's supporters won't want her to get the VP spot and we won't be willing to help pay down her debt.

    August 22, 2008 07:46 am at 7:46 am |
  8. Blaise

    Why would Obama giver her any money? This is a woman who publicly slammed him and is still undermining him. I wouldn't give her one red cent.

    August 22, 2008 07:47 am at 7:47 am |
  9. Bitter in Texas

    ENOUGH about Clinton and her debt......let's get this show on the road, I'm ready to vote and have been since Feb 7 of 07.

    August 22, 2008 07:47 am at 7:47 am |
  10. jimmy

    how is this bad news for clinton? she and bill are worth over a 100M and could easily pay this off.

    August 22, 2008 07:48 am at 7:48 am |
  11. Dave G.

    Maybe folks are remembering how the fight went on too long and that she kept in the race after it was lost. How much extra money was wasted after it was too late?

    August 22, 2008 07:50 am at 7:50 am |
  12. Brian, Tampa

    You can ONLY blame the advisors of her campaign, the knew well ahead by "the numbers" she could not become presidential nominee of the party, but greed and blind ambition suck her into this.
    Now where are the PUMAs and the anti Obama camp.?
    THEY ARE NOT SHOWING THEIR TRUE COLORS TOWARDS THE HILLARY CAMPAIGN DEBT
    As the saying goes Show her your MONEY.

    August 22, 2008 07:50 am at 7:50 am |
  13. He needs HRC

    If Obama does not pick Clinton as VP he will lose.

    August 22, 2008 07:50 am at 7:50 am |
  14. Vince

    Remember the headlines "Clintons Don't Quit". I remember and it was well after she mathematically couldn't win the nomination. People get selective amnesia and forget that during the primary season when both Obama and Clinton talked about the "issues" concerning American families, Obama was winning on the issues although most of their position were similiar. It wasn't until the "negativity" entered into the primary races that Clinton closed the gap. I have always been supporters of the Clintons, BUT, it is very hard to help or pick someone that threw the kitchen sink at you.

    Remember when McCain's own mother said that all conservatives may not like John, but go the the polls anyway and hold your noise and vote. Maybe true Democrats should do the same for their candidate.

    August 22, 2008 07:51 am at 7:51 am |
  15. Shushine1963

    So, let me see if I understand this? A potential presidential canidate runs up a debt while campaigning, does not receive the nomination and now expects the winner (Obama) to pay for her debt. Is this the manor she would have run the country if she won the presidential election? Spend spend spend and have others pay. Oh wait that's what government does.

    August 22, 2008 07:51 am at 7:51 am |
  16. Toby

    The conceit of the Clintons and their backers is astonishing. They expect Obama to curtail his campaign and help Hillary out of debt. Who cares if that helps McCain into the White House? After all, if it isn't a Clinton, it doesn't really matter now, does it?

    August 22, 2008 07:52 am at 7:52 am |
  17. Bob Collins

    HRC was running for President. She runs up $24 million in debt. That means she was spending money she did not have. That is exactly what she and the rest of them do every day in Washington DC! They spend money that does not exist in the account.

    Why do we even consider irresponsible people like this?

    Oh, and I thought Campaign Finance Reform was going to make campaigning better. HA!

    August 22, 2008 07:52 am at 7:52 am |
  18. blaising

    Wah, wah, wah!!! Crybaby.

    Let's focus on someone with a real reason to complain:

    "McCain now stands alone. After all his criticisms of Obama's judgment on this issue, the Iraqis and even the Bush administration have now been forced to concede that a timetable for withdrawal is necessary (essentially adopting Obama's long-held position). McCain's criticisms have blown up in his face."

    Mitchell Bard
    Huffington Post
    8-21-08

    Let's bring Americans home!!

    August 22, 2008 07:53 am at 7:53 am |
  19. John Des Plaines Illinois

    So it's Obama's fault Hillary's supporters didn't send her money to pay off her debt?? They love her so much they say they intend to abandon their party and vote republican but these same loyal supporters can't cough up a few bucks to actually help her? That is some bizzare "logic".

    August 22, 2008 07:54 am at 7:54 am |
  20. tim

    Say NO to Obama Hillary. You'll take it from McCain in 2012!

    August 22, 2008 07:54 am at 7:54 am |
  21. Vince

    This is Hillary's test to see if she could have handled the national debt. Surely if she can't manage her own debt she is unfit to manage the national debt, especially during these times.

    August 22, 2008 07:54 am at 7:54 am |
  22. mark

    Very sad day when I will have to vote for McCain because of Osahma's coruption.
    NYC Mark

    August 22, 2008 07:55 am at 7:55 am |
  23. Richard,Orlando,FL

    She hires a guy who try to ravage Obama and he is supposed to pay off her debt. I think Penn should have to eat that money!!!!!!!!!!!!!!!!!

    August 22, 2008 07:55 am at 7:55 am |
  24. Sidney from St. Louis

    I would not give HRC nothing. The Clintons have done nothing for Obama since she lost the primary in fact Bill has shown nothing but contempt for Obama, why should he give them a dime? Clinton and her supporters would rather see McCain win the office before Obama. They would rather send the country to hell in a hand basket with another republican president than support someone who could fix the mess we are in. Clinton supporters will have forgotten about why they were mad two years from now when McCain gets in bed with the oil companies and we all get nailed at the pump.

    August 22, 2008 07:56 am at 7:56 am |
  25. David

    If Clinton's hard-core supporters quit talking and each just send in two dollars, her debt would be gone in one week! That is, if they really are committed to her! Where are these 18 million people they say back her?
    Time to put up or shut up and quit crying!!!

    August 22, 2008 07:56 am at 7:56 am |
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