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. Tracy

    I think Senator Obama should choose Senator Clinton. I just think people aren't going to vote for Obama because he's African-American. Those avid Hillary voters don't just have problems with Obama over issues, its over race and no one is not talking about it. Things are just the way they are and Americans need to accept that there are still people who can't see beyond race. I know how Senator Obama feels being multi-racial myself. You don't know where to always fit and you are not always accepted by everyone.

    August 22, 2008 08:35 am at 8:35 am |
  2. Sandy

    She is in debt due to ignoring the writing on the wall. After super Tuesday- she should have withdrawn but her ego, arrogance and audacity kept her in the race.
    Mitt Romney has not asked the people to retire his debt. Barack Obama owes nothing to Clinton. Let her 18 million votes help her now. $1 each and this will help immensely. The reason why Clinton has so much debt is due to negative ads, negative radio commercials etc. Bad choices, bad leadership, bad campaign planning.

    August 22, 2008 08:35 am at 8:35 am |
  3. Nelson

    Ha-ha!

    August 22, 2008 08:35 am at 8:35 am |
  4. NMB

    "He has provided her with a pittance"?

    Is Obam supposed to dole out an allowance to her? It's illegal for him to transfer his campaign donations to her. He asked his supporters to give. Some did – some didn't.

    Maybe those people who supported her were really Rush's Republicans after all!

    August 22, 2008 08:35 am at 8:35 am |
  5. sue

    why should Obama be gracious? It isn't HIS debt.

    August 22, 2008 08:36 am at 8:36 am |
  6. Terrence (Winston Salem, NC)

    Yet her "18 Million PUMAs" will not lend a single dollar each to kill the debts.

    August 22, 2008 08:37 am at 8:37 am |
  7. Wes Garrett

    That's the chance you take when running for office.

    August 22, 2008 08:37 am at 8:37 am |
  8. Tom from PA

    I respect Hillary but support Obama. In my area, many of the Hillary supporters have been very vocal (almost militant) about their disappoinment in her loss. So much so that rather than vote for Obama they have threatened to cross party lines in Novmeber. My question is, if they feel so strongly about their candidate why don't THEY contribute enough to pay off her debt?!? To say “He has provided her with a pittance..." is to say that somehow Obama is responsible for Hillary's run against him! that just doesn't make sense to me.

    August 22, 2008 08:37 am at 8:37 am |
  9. eric

    The woman's personal fortune is $109,000,000..Pay the dam bill yourself!!!

    More of the entitlement mentality.

    August 22, 2008 08:37 am at 8:37 am |
  10. C. Thurston

    She lost! Why does she need to try and get money from Obama and his backers out of guilt? Has any other candidate been able to recoup their losses? The Clintons are are using their support for the Obama campaign as leverage for Barack to come out and ask his supporters to donate money because of her losing effort. She should have realized that she might not get this money back way in March when she put another $5 million towards an already losing bid. They should go write a book or do another million dollar dinner.

    August 22, 2008 08:38 am at 8:38 am |
  11. Shawn in Dallas

    Sooooooooooooo, where are all these 18 million loyal voters who were going to send in $1 a piece to pay off this debt in a week?

    August 22, 2008 08:38 am at 8:38 am |
  12. dave in RI

    just like the clinton backers and supporters, always looking for a handout, instead of working for it. Seems to me, clinton should charge everybody who votes for her at the convention $100 to retire her debt. Let her supporters put their money where their mouth is

    August 22, 2008 08:38 am at 8:38 am |
  13. ex dem

    sad that obama hasnt helped HC, she has been more than gracious campaining for him. I hope her backers arent supporting him. I will send her some money to help her debt. I am still voting for her in the General election, so since I am not backing anyone else I will continue to do my part. The DNC should be ashamed of themselves.

    August 22, 2008 08:39 am at 8:39 am |
  14. John K.

    Who cares about Mrs. Clinton debt? the Clintons have millions? why we dont care about the million of poor Americans that are dying in poverty every day? who is going to help them?

    CNN totally became a tabloid news outlet!

    August 22, 2008 08:39 am at 8:39 am |
  15. dave in RI

    .....and then people wonder who clinton is so polorizing!!!

    August 22, 2008 08:39 am at 8:39 am |
  16. sherry for Obama

    HERES YOUR CHANCE PUMAS.........

    YOU SEEM TO CARE ABOUT CLINTON SO MUCH , SO SEND YOUR MONEY TO HER AND BAIL HER OUT.

    August 22, 2008 08:39 am at 8:39 am |
  17. Dutchlaroo

    Hillary used others money to stay in the race past the time of any hope. That debt is vendors and workers that won't get paid, but Hillary will go home to her million dollar mansion, sign million dollar book deals , Bill and her will speak for tens of thousands an hour. This is a person that is so self centered it hurts. If she wasn't a women, she wouldn't have half the fervant fans she has now. If her followers don't realize that she is uding them then they deserve to loose their money in support of her ego.

    August 22, 2008 08:39 am at 8:39 am |
  18. PT

    I will donate to her campaign. I am and have always been an Obama supporter. Is there ANY way her '48%' of die hard supporters that have declared they will not vote for him can give up $1.00 to help with her debt? That would be a great help; don't u think?? SO IF YOU ARE A HILLARY SUPPORTER...PLEASE GO ONLINE AND DONATE THAT DOLLAR. As for Ms. Lynn Forrester...what has the Clintons given Obama? Their support? That is what you "graciously" do when you are not the nominee-I am sure Ms Forrester won't be voting this year from the sound of her tone. One last thought....everyone around Hillary advised she get out of the race sooner. Had she done that, the debt would have been lighter.

    August 22, 2008 08:41 am at 8:41 am |
  19. Natalie

    I won't give her a dime until she begins to support Barack the way she is supposed to. Stop calling him her opponent.

    August 22, 2008 08:41 am at 8:41 am |
  20. Renee

    Why are Hillary's supportors not willing to donate to pay off her debt? They are so rabid about her being the best, but they were not willing to put up the money for her when she was running and are not supporting her financially now. Why in the world would Obama supportors pay for her negative campaign now when the focus is to win the presidency. Let her supportors take care of her debt.

    August 22, 2008 08:41 am at 8:41 am |
  21. Brandon

    Why is Clinton so special that she should have someone pay off her debt. She is asking for too much. She is her own worst enemy!

    August 22, 2008 08:42 am at 8:42 am |
  22. rachel noto

    If these millions of  dollars 0f  political contributions could somehow be funneled into our public schools for educational purposes it  would  be such a wonderful thing for our nation. There should be other ways  to chose  or the need for lessor means to chose a presidential nominee.

    August 22, 2008 08:43 am at 8:43 am |
  23. S

    I don't understand why the Clintons feel Obama owes them something. What exactly have they done for him besides make it harder for him to get elected?! Why is she the only candidate that feels their opponent owes them something? She made the decision to continue running when it was clear she was not going to win. Her debt, her responsibility.

    August 22, 2008 08:43 am at 8:43 am |
  24. Denise

    This is the woman PUMA wants to be POTUS? If she cannot manage her campaign finances, she does not need to be POTUS

    August 22, 2008 08:43 am at 8:43 am |
  25. ROBERT

    PLEASE RUN AT THE CONVENTION AND YOU WILL BE THE NEXT PRESIDENT. IF NOT THERE THEN RUN AS AN INDEPENDANT.

    THE US AND THE WORLD NEEDS YOU. WE HAVE NO OTHER PERSON CAPABLE.

    August 22, 2008 08:44 am at 8:44 am |
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