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. fraser mutch

    no matter how much the debit is ,at one time it shall be paid off.
    impossible is nothing everything is possible.keep and soldier on until you see obama in white house and you will be VP

    August 22, 2008 08:06 am at 8:06 am |
  2. JN

    So much for thos e"loyal" 18 million voters. Guess those "hard working whites" havent been working hard enough to give her a few dollars out of their checks lol

    One dollar per each so-called hard working voter would have covered this. Guess theya rent as hard working and loyal as she thought.

    August 22, 2008 08:07 am at 8:07 am |
  3. william

    Well how the tide changes. Typical of Dems to run up a budget deficit and leave it for others to pay. Not that the Reps are much different. But really, if you can't pay for it, don't do it. That is why we are the mess we are in now. You have an ineffictive inefficient government that can't solve problems other than throw money at it and hope it goes away, in addition to frivilous spending such as figuring out the DNA of bears. PAY YOUR OWN DEBTS OFF and quit whining no one will help. I'll tell you guys what...YOU PAY OFF MY DEBTS and maybe I'll send some your way.

    August 22, 2008 08:08 am at 8:08 am |
  4. Eric

    why don't her so called 18 million hardcore supporters each give two bucks if they love her so much? Oh, that's right, they really don't. Just a few hysterical loudmouths left.

    August 22, 2008 08:08 am at 8:08 am |
  5. a little sad

    Too bad this fine, qualified candidate is not going to be the next president.

    Instead we are going to be stuck with the doddering but dangerous Mr Magoo clone, or a wunderkind who is more "wonder-why"-kind.

    August 22, 2008 08:09 am at 8:09 am |
  6. Hana, Saline, MI

    Poor pitiful Hillary. I'm SICK of the Clintons, her whiny supporters (especially PUMAs who I suspect are actually Republican Rushbots) and the deviious tactics of this pathetic couple.

    August 22, 2008 08:09 am at 8:09 am |
  7. J. Sully, New York

    Enough about this woman's debt. She mismanged her finances and Obama SHOULD NOT bail her out. Why should he be gracious after the way she ranted about him during her botched campaign. She's the one who's ungracious. She was merciless in her tactics. She's in debt because she's power hungry and in NO WAY should Obama bail her out, after she talked the way she did. She's the one who tagged him elitist. What a joke! The Clintons are the power hungry elitists.

    August 22, 2008 08:09 am at 8:09 am |
  8. Brian

    So let me get this straight. Clinton's supporters are upset that Obama did not do more to raise money for her? My questions are:

    1) Why aren't they raising the money themselves?
    2) Where are her 18 million supporters?
    3) How large a group are the PUMA's?
    4) Why would anyone expect Obama to focus on raising money for his former competition?
    5) Who told her to keep spending money she did not have?

    The answers I came up with are:

    1) Her donors want to spend money on a winner
    2) The 18 million weren't just her supporters. They were voting democratic
    3) The PUMA's just seem to rant, rave and blog
    4) The Clintons have done as little as possible to help Obama. Everyone else has done more. (Ever hear Bill's endorsement?)
    5) Would she have run the country that way? Spend into a hole and be confused as to why no one is bailing her out.

    The whole concept of Obama supporters paying for the loser when we are in the midst of a presidential fight is silly. Just sent my donation to the Obama campaign.

    August 22, 2008 08:10 am at 8:10 am |
  9. Scott

    I think its funny that they compare Hillary's fund raising, after dropping out, to what Obama, a current presidential candidate made in June and July...he hasn't gotten a dime from me and I've thrown a bit more behind Hillary even with her campaign suspended.

    August 22, 2008 08:11 am at 8:11 am |
  10. Very Skeptical in Arkansas

    It's a good thing Hillary has all those loyal PUMA supporters to bail her out of this sticky situation she got herself into. They'll actually back up their support of her with some donations, not just a bunch of hot air and trolling on Internet forums, right? Right?

    Oh wait: she conceded 2 and a half months ago and is still heavily in debt, isn't she? I guess those rabid "supporters" of hers are just full of it after all.

    There's so much fakery going on during this election cycle that it's just mind-blowing. It's a three-ring circus out there, folks. Be VERY skeptical of anything you see reported in the mainstream media or by "supporters" of any of the main candidates, and never just accept it at face value.

    August 22, 2008 08:12 am at 8:12 am |
  11. Vincent Spaulding

    Where is it written that Obama has to subsidize Clinton's debt? Isn't he, in fact, only allowed to pay a limited amount towards her bill, and hasn't he long ago done exactly that? Clinton has this alleged army of 18,000,000 vocal, hostile supporters who seem to have deserted her in her hour of financial need. A mere one or two dollar donation from each of them would eliminate her indebtedness entirely, with room to spare. Clinton's wannabe feminists hoard of sycophants are only there for the yelling and screaming, but not for the real fight.

    August 22, 2008 08:12 am at 8:12 am |
  12. Johnny boy

    Just to show you that she wasn't the right pick. Imagine if she was to be President of the US and run the country like her campaign. You Hilliary supporter here is the reality.

    August 22, 2008 08:12 am at 8:12 am |
  13. joe

    He was in the senate for only some months and all he could do was a Rezko deal.If he had been there longer he would have made a couple more big ones and would have paid hillary off.kenya is poor, indonesia is poor where else is he going to get the money.make him the president.give him a chance to make a deal on the rose garden.
    Go mccain.Hillary 2012

    August 22, 2008 08:12 am at 8:12 am |
  14. Jody

    This is why our county is in the state its in right now. Spending money we don't have and then expecting people to cover our butts. Secondly, someone can raise 50 million dollars to run for the president but we have people in our country who don't have food on the table, can't afford adequate health care, the VA system is a mess. No wonder we are hated around the world. As an American I am starting to hate the way the people of this nation act and the way the government of this nations acts – and its not looking good with the prospect of both of our candidates.

    August 22, 2008 08:12 am at 8:12 am |
  15. kathy

    obama doesnt care about unity only himself..........we got your back hillary we will vote mccain the more i listen to mccain and his life story that was on cnn i am voting for him now because i really like him not out of spite

    August 22, 2008 08:14 am at 8:14 am |
  16. Frostlanta

    I have to ask, Does anyone believe if the shoe was on the other foot would she lift a finger to help Obama retire his debt. If she did, would it be to help or to get his votes or to help him?

    August 22, 2008 08:14 am at 8:14 am |
  17. Another Poster - Sacramento, CA

    I don't see a mention of the 25,000,000 cash on hand she had as of July 31st.. She could retire her own debt. Why isn't she paying off her own debt? That should be the bigger question here. Obama should be paying something she could pay? Am I totally missing something here?

    As reported by the FEC..
    Latest Cash On Hand: $25,176,553
    Debts Owed By: $23,973,973
    July 31st...

    August 22, 2008 08:14 am at 8:14 am |
  18. no 2 foldem

    had she conceded graciously from day one i wouldnt mind given to her camp but she didnt, she still fighting trying to get on the ballot. with that in mind resolve your own debt

    August 22, 2008 08:14 am at 8:14 am |
  19. ATL

    Maybe she wouldn't be in so much debt if she had stopped the race when she knew the numbers didn't stack up for her to win. Why keep going and going knowing you will still come in #2? So, her she caused this on her self and only her supporters "OWE" her. Not Obama or anyone else.

    August 22, 2008 08:14 am at 8:14 am |
  20. Joe Cheesehead Milwaukee WI

    Why are we still talking about Hillary's debt? Other contenders have campaign debt too but who am I to say. Clinton backers have expressed disappointment Obama? When did it become Obama's responsibility to clean up after the Clintons? For once this distraction has to stop. For all I know Obama has a General election to run and that is his priority number one.

    August 22, 2008 08:15 am at 8:15 am |
  21. Sue

    These Hillary backers are the ones who are not gracious...I am not sure why they think Obama is responsible for all of Clintons ills...I do not think they realize the damage they are doing to Hillary...People have a long memory, so they should reconsider the bullying road that they have decided to take.

    August 22, 2008 08:15 am at 8:15 am |
  22. greg, utica new york

    I'm seriously fed up with Clinton supporters chiding Obama for not paying down/off HRC's debt. Let's reverse the situation and imagine just how hard Clinton would've worked on behalf of Obama. Sure.

    She simply didn't know when to quit and it's no one's responsbility to pay her bills, but herself and her supporters. I can't imagine other candidate's supporters simply dumping hard earned dollars down her toilet.

    August 22, 2008 08:17 am at 8:17 am |
  23. ASM

    I' sending a small amount because thats all I can afford. She is still my choice, and Barack will get that message come 11/4/08. Without her on the ticket he's done, toast and at best a 1 term flash in the pan.

    Clinton/ ????? 2012 😉

    August 22, 2008 08:17 am at 8:17 am |
  24. Sleepless in NC

    What exactly has the Clintons given Barack Obama? And why should it be Baracks job to settle her debt? If she had of backed out of the race when it became evident that she really didn't have a chance to win she wouldn't have the debt she has. Furthermore, what ever happened to the 18 million Clinton supporters? If each one donated just 2 dollars her debt would be paid off, could they be just fair wheather supporters? And as for Mark Penn's political consulting firm, she should sue them for malpractice.

    August 22, 2008 08:17 am at 8:17 am |
  25. Bob Indianapolis, IN

    MARK PENN??? Boy, that was money well spent, huh? Dude was a lobbyist for the filthy mercenaries of Blackwater. Not to mention being a lobbyist for Colombia was at cross-purposes with Hillary's anti-NAFTA stance. So all you plucky PUMAs, break out your wallets and pay this clown so he'll go away and be remembered as the guy who tanked Hill's campaign...

    August 22, 2008 08:18 am at 8:18 am |
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