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Clinton Lends Campaign $1M as Debts Mount

Reticent donors make mountain of liabilities difficult to pay off

By Jason Farago,  Newser Staff

Posted Jul 21, 2008 6:07 AM CDT

(Newser) – Hillary Clinton lent her suspended presidential campaign an additional $1 million at the end of last month, according to filings with the Federal Election Commission. The newest self-loan—the New York senator has now lent herself $13.2 million—underscores how much difficulty she is facing in retiring her mountain of debt. A Clinton spokesman told the New York Times that the new loan was to "pay immediately outstanding debts."

Although Barack Obama cut Clinton a $2,300 check as a symbolic gesture, his supporters have been reluctant to help his former opponent pay off her liabilities; in June, the Clinton campaign spent $5.4 million but took in only $2.7 million. Other filings with the FEC show that John McCain's campaign has sharply increased spending—he spent $26 million in June, more than double what he spent in May.

Democratic presidential candidate, Sen. Barack Obama, D-Ill., left, is joined onstage by Sen. Hillary Rodham Clinton, D-N.Y., during a campaign stop in New York, Thursday, July 10, 2008.
Democratic presidential candidate, Sen. Barack Obama, D-Ill., left, is joined onstage by Sen. Hillary Rodham Clinton, D-N.Y., during a campaign stop in New York, Thursday, July 10, 2008.   (AP Photo/Jae C. Hong)
Barack Obama talks with Sen. Hillary Rodham Clinton, D-N.Y., on Obama's campaign charter jet in Washington, Wednesday, July 9, 2008, prior to departure for New York for a fundraising event.
Barack Obama talks with Sen. Hillary Rodham Clinton, D-N.Y., on Obama's campaign charter jet in Washington, Wednesday, July 9, 2008, prior to departure for New York for a fundraising event.   (AP Photo/Jae C. Hong)
Sen. Hillary Clinton, D-N.Y., smiles as her picture is taken by an autograph seeker after a news conference to open the Erie Canal Harbor Development Project in Buffalo, N.Y. on Wednesday, July 2, 2008.
Sen. Hillary Clinton, D-N.Y., smiles as her picture is taken by an autograph seeker after a news conference to open the Erie Canal Harbor Development Project in Buffalo, N.Y. on Wednesday, July 2, 2008....   (AP Photo/Don Heupel)
Michael Bloomberg stands with Sen. Hillary Rodham Clinton in New York City Hall, Thursday, July 17, 2008. Bloomberg is planning to host a party for Sen. Clinton to ease her transition back from the presidential campaign trail.
Michael Bloomberg stands with Sen. Hillary Rodham Clinton in New York City Hall, Thursday, July 17, 2008. Bloomberg is planning to host a party for Sen. Clinton to ease her transition back from the presidential...   (AP Photo)
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