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. Connie from Ohio

    I would like to ask Ms Forrester, as to why she thinks it's Obama's responsibility to pay off Ms Clinton's debt, especially since she ran that debt up in the last month of the campaign when it was obvious she was not going to win and she was giving the Republicans fire power against Obama? As I have said many times... why doesn't Ms Clinton ask the 18 million that voted for her to send her just $1.. that would help with her debt. Also don't be mistaken about the Clinton support for Obama... she has to do that to maintain that she is all "about" the party not herself.

    August 22, 2008 08:18 am at 8:18 am |
  2. hemnebob

    oh come on...obama had encouraged, publicly, to send in the monies to help retire this debt...is he supposed to do it all the time? hey, he is trying to get into the whitehouse, i seriously doubt that he should be spending his time doing anything but campaigning and getting his message.

    WHERE THE HECK are all of her devoted groupees that are claiming that they are now going to vote for mccain?

    hmmmmmm???
    bunch of crapsters they are!!!

    fairweather people suck!!!!

    August 22, 2008 08:18 am at 8:18 am |
  3. Sue

    I am tired of hearing about her debt.

    August 22, 2008 08:18 am at 8:18 am |
  4. Jerry

    Clinton should of thought of this when she stayed in the race which was un-winnable for way too long.

    August 22, 2008 08:19 am at 8:19 am |
  5. ALECO -----NOKOMIS,FL

    HILLARY'S SUPPORTERS WILL NOT VOTE FOR OBAMA AND HER SUPPORTERS REFUSE TO DONATE MONEY FOR HER DEBT--FOR THE LIFE OF ME, I DON'T UNDERSTAND THEIR THINKING.

    HILLARY'S SUPPORTERS MUST LOVE THE DIRECTION OF OUR ECONOMY. BUSH'S PLAN FAILED AND McCAINS PLAN WILL FAIL EVEN WORSE. McCAIN WANTS TO START A WAR WITH IRAN AND RUSSIA AND BRING BACK THE DRAFT.

    BOY, DO WE NEED CHANGE, VOTE OBAMA.

    August 22, 2008 08:20 am at 8:20 am |
  6. Leah

    It is not Obama's responsibility to pay off the debt of an "also ran." Why not ask those eighteen million voters who "cracked the ceiling" to contribute $1.50 each and be done with it?

    August 22, 2008 08:20 am at 8:20 am |
  7. maria

    hillary should retire her own dept. Clinton supporter should retire her dept not obama. It not obama fauilt that she is in dept. Clinton supporter will still not support obama no matter what so why should obama help her?
    obama 08,12

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

    WHAT A JOKE!!

    August 22, 2008 08:21 am at 8:21 am |
  9. HILLARY SUPPORTER

    ...but come on 24 MILLION?????

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

    Hmmm she runs the most divisive campaign in recent memory and manages to rack up debt just to show her supporters how she will run this country...if it was Obama in her place no one would have sympathy for his debt and no one would be writing about it. The Clintons did not give Obama anything but a hard time...she did not even end her camPAIN she just suspended it...so why should he pay her debt off when she is technically still running...she certainly has retained her delegates...so if she wanted to be taken seriously she would have formally and properly ended this thing months ago. Not to mention she has much more personal wealth than then Obamas so she needs to pay her own debt. Hliiary makes a science our to of entitlement.

    August 22, 2008 08:22 am at 8:22 am |
  11. soundbyte

    Let's see, Clinton backers have been saying she got almost 18 millions popular votes in the primary. I do not believe all her voters contributed the maximum to her campaign. If they did, Clinton will then have 10s of billion of campaign fund in her disposal.

    All that is required now is to have all her voters contribute $2 to her campaign, $4 if 50% of her voters contribute. Her debt will be retired in no time. Don't tell me her voters are so poor and can't even contribute $2-4 to her campaign. Do not blame her own problem onto others, Obama has nothing to do with her campaign debt situation.

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

    Well maybe with her being in debt and soon to have collectors at her door she could honestly say I know how the people of america feel and that she can understand why people in debt do the things they do. But maybe she should take a page out of Obamas book. This text thing he is doing about his pick for VP can generate so much money from people who have donated to receicve this text the text charges are just going to roll in. Im starting to look at Obama in a diffrent light now, every move he is making is about money, so I will take this time to say sorry Hillary for not giving you the support you should of gotten.

    August 22, 2008 08:22 am at 8:22 am |
  13. Independent, Georgia

    "“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.”"

    LOL – He's letting her pretend that she is a viable candidate at the convention – obviously that's worth quite a bit to her!

    August 22, 2008 08:22 am at 8:22 am |
  14. Go PUMAs...Go PUMAs...Go PUMAs..!!!

    Soon there will be a day, when won't have to see or hear from either of them again.

    This Dem will never support another Clinton.

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

    I am sure OBama will understand the lack of support then when so many HC supporters vote for the other guy. OBama supporters will likely be rejoicing shortly when the VP choice is named and it is not Hillary. The same group will be wailing in November and MCCain wins the election.

    August 22, 2008 08:23 am at 8:23 am |
  16. pb

    The question continues to arise...Why should Obama pay off Clinton's debt? Senator Clinton knew she was in debt big time when she continued with her efforts to win the nomination. Even when she was behind, it was strongly suggested that she discontinue her candidacy. She did not run a tight ship, and refused to throw in the towel when it was evident that she was losing; should Obama be penalized? If the roles were reversed, would she have been so gracious to Obama if he were in debt? No. Because he would have been strongly advised to stop his candidacy long before June!. His supporters at this time should be focusing on getting him elected. It is not fair to ask the democratic supporters to pay for two candidates.
    Mrs. Clinton and her husband have continued to focus on themselves throughout this campaign and have not treated Obama the way he should be treated as the presumptive nominee. They have not shown any respect to him as a candidate or as a man. The Clinton supporters are arrogant, spoiled people who apparently feel that people owe them.. That is why change is so important.

    August 22, 2008 08:24 am at 8:24 am |
  17. JW Morrison

    Its interesting that she gets into debt and then expects others to get her out. I have no idea where she thinks that others should pay for her campaign, especially when she and her husband get millions from speaking and the sale of books.

    Wait!! Isn't the government trying to bail out mortgage companies for their mistakes? Well, I guess it's not a bad idea after all.

    August 22, 2008 08:24 am at 8:24 am |
  18. Patrick

    What? Her 18 million supporters are too cheap to give a dollar each? Or aren't there 18 million?

    August 22, 2008 08:25 am at 8:25 am |
  19. Tim

    That's the price you pay for huge ego and no common sense. The really funny thing is that she still owes that slimeball Penn. Poetic justice.

    August 22, 2008 08:25 am at 8:25 am |
  20. Jeff

    President Clinton and senator Clinton need to cease any and all work on behalf of the Obama campaign. He has slapped both of them in the face time and time again. Supporters of Senator Clinton should take note of this and reconsider whether or not they are going to move their support from her to him. He is a self involved, egomaniac who will do this nation at least as much harm as G.W. Bush.

    August 22, 2008 08:25 am at 8:25 am |
  21. mary

    Obama has an election to win. I don't understand where Clinton's supporters get the idea that Obama can retire her debt and raise money to win the presidential election, too. No other winning candidate has ever been expected to help pay off the debt of the losing candidate. Clinton kept running her campaign long after it was apparent that she could not win and could not raise enough money to keep her campaign running. She has debts that date back to the Iowa caucus. Besides, if even half of the people who voted for her contributed $1 or $2 her debt would be retired. If she can't generate that level of support, then how strongly did her voters support her in the first place?

    August 22, 2008 08:25 am at 8:25 am |
  22. KSD

    If her backers are still so pro-Hillary and there were 18 million of them as she says, why don't each of them send $1.00 to Hillary? The fact that none of them seem to be helping her makes me doubt the statistics.

    August 22, 2008 08:26 am at 8:26 am |
  23. genius

    WITH 18 MILLION SUPPORTERS, WHY DON'T YOU GUYS DONATE A $1 TO HILLARY... WHY NOT HELP HER OUT YOU GUYS...COME ON I HEAR THAT THERE ARE 18 MILLION OF YOU....

    COME ON HELP HER OUT.. A DOLLAR FROM EACH OF YOU....

    August 22, 2008 08:26 am at 8:26 am |
  24. Rob

    And some of you people wanted to trust this woman to curb government spending?

    August 22, 2008 08:26 am at 8:26 am |
  25. rhoward

    Personally, I don't think Hillary Clinton should pay Mark Penn at all. One of the main reasons she lost was due to his bad advice.

    August 22, 2008 08:26 am at 8:26 am |
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