Hillary Camp in the Red Last Month

Campaign raked in dollars but spent big and owes millions
By Kevin Spak,  Newser Staff
Posted Mar 22, 2008 5:25 PM CDT
Hillary Clinton listens during testimony on the future course of the war in Iraq during a Senate Armed Services Committee hearing on Capitol Hill in Washington in this Sept. 11, 2007, file photo.   (AP Photo/Gerald Herbert, File)
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(Newser) – Hillary Clinton’s campaign is in debt despite a massive influx of donations last month, according to FEC filings. She raised $35 million in February, spent $31 million and ended up with $33 million—but most of it is reserved for the general election and the rest is owed. However, $5 million of that debt is to herself and need not be repaid.

Meanwhile, Barack Obama drew in a record $55 million last month, spent $43 million, and ended up with $31.6 million in hand. If her self-debt is forgiven, Clinton has only about $3 million in pocket. The dollar divide could hurt her with the superdelegates, many of whom contend that the race remains close because of her fundraising power, TPM reports.