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Hillary Using Speaking Fees to Finance Her Campaign?!
https://www.yahoo.com/news/are-hillarys-big-speaking-fees-being-used-to-help-205257476.htmlRecently filed campaign finance reports may shed light on how Hillary Clinton is using some of the money she collected from her hefty speechmaking fees from Wall Street banks and other special-interest groups: She is plowing an increasingly large amount of her funds, $560,983 as of last month, back into her presidential campaign.
A Yahoo News review of Clinton’s campaign disclosure reports finds that in the weeks after launching her bid for the presidency in April 2015, the former secretary of state paid $278,821 to her campaign to cover so-called testing the waters expenses. These included consulting and legal fees, travel bills and salaries for top staffers like personal aide Huma Abedin and deputy political director Brynne Craig that were incurred during the early months of last year, when Clinton was officially weighing whether to run for president.
Since then, the reports show, Clinton has kicked another $282,162 into her campaign, with payments to her campaign committee, Hillary for America, averaging about $90,000 a month. Most of that revenue ($228,837) has gone to the Clinton Executive Services Corp., a Clinton family payroll operation that is compensating staffers engaged in campaign-related work for her chief surrogate, her husband and former president Bill Clinton, according to campaign reports and a Clinton campaign official.
The degree to which Clinton is seeking to self-fund her campaign has so far gotten virtually no attention from the media and pales in comparison to the $25 million Donald Trump has loaned his campaign.
Still, “the amount of money is striking,” said Lawrence Jacobs, the director of the Center for the Study of Politics at the Hubert Humphrey School of Public Affairs at the University of Minnesota. “It seems to be an important piece of the puzzle. One question [about Clinton’s speeches] is why she would take the risk of taking so much money from Wall Street and other interest groups. Now we see the full picture. It appears she needed some of the cash to finance her campaign.”
Huma Abedin, a top aide to Hillary Clinton. (Photo: Carlos Barria/Reuters)
A Yahoo News review of Clinton’s campaign disclosure reports finds that in the weeks after launching her bid for the presidency in April 2015, the former secretary of state paid $278,821 to her campaign to cover so-called testing the waters expenses. These included consulting and legal fees, travel bills and salaries for top staffers like personal aide Huma Abedin and deputy political director Brynne Craig that were incurred during the early months of last year, when Clinton was officially weighing whether to run for president.
Since then, the reports show, Clinton has kicked another $282,162 into her campaign, with payments to her campaign committee, Hillary for America, averaging about $90,000 a month. Most of that revenue ($228,837) has gone to the Clinton Executive Services Corp., a Clinton family payroll operation that is compensating staffers engaged in campaign-related work for her chief surrogate, her husband and former president Bill Clinton, according to campaign reports and a Clinton campaign official.
The degree to which Clinton is seeking to self-fund her campaign has so far gotten virtually no attention from the media and pales in comparison to the $25 million Donald Trump has loaned his campaign.
Still, “the amount of money is striking,” said Lawrence Jacobs, the director of the Center for the Study of Politics at the Hubert Humphrey School of Public Affairs at the University of Minnesota. “It seems to be an important piece of the puzzle. One question [about Clinton’s speeches] is why she would take the risk of taking so much money from Wall Street and other interest groups. Now we see the full picture. It appears she needed some of the cash to finance her campaign.”
Huma Abedin, a top aide to Hillary Clinton. (Photo: Carlos Barria/Reuters)
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