Mon, Jul 06, 2009

Nation

Clinton cuts down the size of her debt

The Associated Press
Tucson, Arizona | Published: 11.21.2008
WASHINGTON — Campaign finance reports show Sen. Hillary Rodham Clinton has reduced the size of her presidential campaign debt to less than $7.5 million as of Nov. 1.
According to Federal Election Commission records filed Thursday, Clinton raised nearly $690,000 in October. She raised a total of $218 million in her failed presidential bid.
Clinton owed vendors $12 million at the end of June. That was the month she abandoned her presidential campaign and ceded the Democratic nomination to now President-elect Barack Obama.
She also lent herself nearly $13.2 million. Under federal law Clinton can only repay herself $250,000 with private donations.
Obama is considering Clinton for secretary of state. As a Cabinet member Clinton would face fundraising restrictions to retire her debt.