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Clinton campaign in the red; debts exceed cash on hand
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hillarynews
Joined: 24 Jan 2007
Posts: 2255
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 Posted: Tue Apr 22, 2008 10:00 am Post subject: Clinton campaign in the red; debts exceed cash on hand |
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 Clinton campaign in the red; debts exceed cash on hand
By: Joe Sudbay At the end of February, Clinton's campaign was in the red when her debts and loan to herself were factored in. It appears that at the end of March, her financial situation has worsened. In fact, at the end of March, Hillary Clinton's campaign debts alone exceeded her cash on hand. That's quite stunning for a campaign that was supposed to be built on fund raising prowess.
Category: Spotlight
By: Joe Sudbay At the end of February, Clinton's campaign was in the red when her debts and loan to herself were factored in. It appears that at the end of March, her financial situation has worsened. In fact, at the end of March, Hillary Clinton's campaign debts alone exceeded her cash on hand. That's quite stunning for a campaign that was supposed to be built on fund raising prowess. As of March 31, 2008, Clinton reported cash on hand totaling $31,712,197.67. However, that's not the real number -- a good chunk of that money, over $22 million, can only be spent in the general election. The Associated Press is even reporting that Clinton is in the red: Clinton reported raising $20 million in March and had $9 million for the primary available at the beginning of April. But she also reported debts of $10.3 million, putting her in the red. To be exact, the campaign owes debts totaling $10,321,562.87 -- and that doesn't include the $5 million loan she made to the campaign. Mark Penn's firm is owed over $4.5 million.The March FEC report for Hillary Clinton can be read here.
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Source: The Hillary Project
Description: reporting the news about Hillary that the media refuses to |
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