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December 22nd, 2008
10:08 AM ET

Clinton campaign debt now at $6.4 million

YOUR CAPTION BETWEEN QUOTES

YOUR CAPTION BETWEEN QUOTES

Robert Yoon
CNN Political Research Director

Secretary of State-designate Hillary Clinton had $6.4 million in presidential campaign debt at the end of November, according to a report filed Saturday with the Federal Election Commission.

The amount, though still significant, represents the lowest level of debt the New York senator's failed presidential campaign has reported this year. Clinton's campaign debt reached its peak, $12 million, at the end of June and has gradually fallen since then.

Clinton said she hopes to pay off her debt before her possible confirmation as secretary of state.

Clinton has also officially forgiven the $13.2 million she personally loaned her campaign. Under the McCain-Feingold campaign finance law, presidential candidates who loan their campaigns money from personal funds may only be paid back if they do so by the national party convention - in this case, the Democratic National Convention held last August in Denver.

Clinton began November with $985,000 in her campaign account and raised nearly $290,000 by the end of the month. Her campaign paid out $1.2 million, mainly to unpaid vendors, ending the month with $188,000 in the bank.

The $6.4 million in remaining debt is owed to a total of 16 creditors.

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Filed under: Raw Politics • Robert Yoon
soundoff (4 Responses)
  1. Michelle Mendez

    "Can I get some of that financial recovery money too?"

    December 22, 2008 at 1:47 pm |
  2. Bev C.

    Dear Mr. Yoon: This is news? Most of us don't care how much she owes for her campaign – we just look forward to her being Secretary of State. Boy, you guys are digging deep.

    December 22, 2008 at 1:03 pm |
  3. JC- Los Angeles

    It should come as no surprise that yet another politician, executive or leader is asking for a do over or governmental hand out.

    It's as if our country went to the finest restaurants, ordered everything on the menu, selected the finest wines and then didn't want to pay the check.

    Horrid leadership one and all.

    December 22, 2008 at 12:18 pm |
  4. Cindy

    I thought that Obama was going to help Hillary all that he could to pay off her debt? I guess he didn't try hard enough!

    Good luck to her at raising $6.4 mill before she gets the SOS job! That's a tall order!

    Cindy..Ga.

    December 22, 2008 at 10:17 am |