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Reply #119: If she is so beloved by her throngs of followers why is she still in debt (just under $24 Million): [View All]

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mod mom Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-22-08 08:10 AM
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119. If she is so beloved by her throngs of followers why is she still in debt (just under $24 Million):
August 21, 2008
Disclosure reports show Clinton still deeply in debt
Posted: 07:00 PM ET

From CNN's Alexander Mooney and Robert Yoon, Extra

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.

-snip

http://politicalticker.blogs.cnn.com/2008/08/21/disclosure-repots-show-clinton-still-deeply-in-debt/
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