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

Peace offering from victorious Dem could help come November, too
By Nick McMaster,  Newser Staff
Posted Jun 5, 2008 12:42 PM CDT
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)
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(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.