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October 6, 2008 10:10:54 AM CDT



Obama Willing to Help Bail Clinton Out of $20M Debt

Posted Jun 5, 08 12:42 PM CDT in Politics 

(Newser) – Barack Obama might ask his supporters to help Hillary Clinton pay off her campaign debt, Bloomberg reports. Clinton has accrued more than $20 million, $11.4 million of which she personally contributed. Under a campaign-finance law (co-sponsored by John McCain) she has until August's Democratic convention to raise money to settle the debt, after which she can only recoup $250,000.

"Obviously we want to help each other,'' one Obama adviser said. The Illinois senator is barred by law from contributing from his own treasury, but can host fundraisers and ask supporters to aid Clinton directly. That action, Bloomberg notes, could also help heal bruises left by the lengthy primary battle.

Source Bloomberg

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A Barack Obama says helping Hillary Clinton pay off $20 million in campaign debt, including $11.4 million she loaned to the effort herself, 'is something that would be on the table.'   (AP Photo)
In this July 19, 2006, file photo Sen. Hillary Rodham Clinton, D-N.Y., speaks with Sen. Barack Obama, D-Ill., right, during the annual convention of the NAACP in Washington.   (AP Photo/Evan Vucci, File)
In this Feb. 26, 2008, file photo, Democratic presidential hopefuls, Sen. Barack Obama, D-Ill., right, and Sen. Hillary Rodham Clinton, D-N.Y., enter the stage during their debate in Cleveland.   (AP Photo/Rick Bowmer,file)
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