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 Camp in the Red Last Month
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)

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. (More Clinton 2008 stories.)

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