Hillary Clinton's campaign debt finally paid off
January 22nd, 2013
08:41 PM ET
8 years ago

Hillary Clinton's campaign debt finally paid off

Washington (CNN) – More than four years after suspending her 2008 presidential bid, now-Secretary of State Hillary Clinton has finally paid off her campaign debt.

Clinton's presidential organization spent the final day of 2012 paying down the remaining debt, according to documents filed with the Federal Election Commission late Tuesday.

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Clinton's committee spent part of New Year's Eve making three payments totaling $73,000 to the Democratic polling firm of Penn and Schoen. The campaign had once owed the firm $5.4 million, but had brought their account current by the time the clock struck midnight on December 31.

Clinton's debt reached its peak in June 2008 shortly after the former New York senator suspended her campaign. At that point, her presidential committee owed $12 million to almost 500 creditors and $13.2 million to the candidate herself, who dipped into her personal funds to help finance her campaign.

Campaign finance laws forced Clinton to forgive the amount she loaned her committee because she was not able to repay the funds by a required deadline.

The campaign reported raising $158,000 in the final quarter of 2012 and started 2013 with $205,000, which can be used for any future bids for federal office.

A federal law known as the Hatch Act prohibited Clinton and other federal government employees from personally soliciting or accepting political contributions. The law does allow others to raise funds on Clinton's behalf, without her direct involvement. Former President Bill Clinton periodically sent out fundraising appeals to his wife's campaign email list to help retire her debt.

Filed under: FEC • Hillary Clinton
soundoff (28 Responses)
  1. Wilson

    @Rudy NYC

    Wilson wrote:

    Actually Rudy, that is not what I believe. I believe everyone shouild have the opportunity to be the best they can be, but that they need to work for it, not have it handed to them. Especially at the expense of someone that has worked hard for their success.
    People should have to work for opportunity??? Wow. So if a person wants an education, then they have to work for the privilege of attending school? If a person wants seed capital to start a business, then they should have to earn the right to solicit offers? If a person wants to open a business at what they feel is a prime location, then they have to earn the right to have that location?

    I don't think you can hear what you're saying. It's much too scarey a thought to think that you could actually believe what you're saying. You will enjoy your book. If describes a fantasy society that you should find fascinating.
    Ok, now you have me doubting your reading/comprehension skills. Everybody has equal opportunity. You don't work for the opportunity itself, you work for success. Everyone has the same opportunity to attend school, but you work for the successful completion with good grades and acquired knowledge. Everyone has the same right to solicit the seed capital to start a business, but the success of the business is on the person and the work they put into the business. Solyendra. As far as prime location, everyone competes fairly, no one given special consideration for any reason.

    January 23, 2013 01:13 pm at 1:13 pm |
  2. Wilson

    The word "solyendra" should not have been in my last.

    January 23, 2013 01:17 pm at 1:17 pm |
  3. Lynda/Minnesota

    "We should be rewarding success blah, blah, blah ..."

    Wilson, how do you suggest we as a nation ought to reward success? In paraphrasing your own innuendo, you spoke of "what Obama implied" to you in his inaugural speech - a speech I very much doubt you actually listened to as it was being televised live.

    In that context, I'm curious as to what your definition of success is and what that success implies to you on a personal level. Are you suggesting we are to worship the "successful" much in the same manner as Limbaugh followers worship HIS success by repeating his foul rants on every political forum available? Shall we sing daily praises of our profound respect to the "successful" for their own interpretation of what they themselves consider to be their personal success stories although others might not share their particular opinion of success in quite the same manner? Shall we lower our heads in submission to the "successful" as they walk by us?

    I would suggest that there are hundreds millions of hard working successful folks in this country who go about their daily business in complete incognito, not willing to demand that others feed their success stories through back slapping ego fed hysteria. These are the people who do not demand recognition, nor do they think they've earned respect simply because they have been a bit more successful financially than many others.

    I've been fortunate to know a great many truly successful people in my lifetime. I've also come across a scant few of the "others" ... you know the ones ... those folks who absolutely think they walk on gold and thus fully demand my respect.

    January 23, 2013 01:20 pm at 1:20 pm |
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