Clinton status puts focus on her $20 million debt

[babylonsister]

Clinton status puts focus on her $20 million debt

By JIM KUHNHENN
Associated Press Writer


WASHINGTON (AP) -- Should she lose or abandon her quest for the Democratic presidential nomination, Hillary Rodham Clinton will have to deal with her campaign's more than $20 million debt - a step that could test her relationship with Barack Obama and raise new issues in campaign finance law.

Clinton owed $10 million at the end of March, has made loans to her campaign totaling of $11.4 million thus far and will more than likely end the primary season significantly in the red.

Among her options is transferring that debt to her Senate campaign committee and paying it off with contributions to her 2012 re-election effort.

But, for the short term, many Democrats believe the answer lies with Obama and his vast network of contributors.

"That is a normal thing when a candidate finishes a race and loses, the winning candidate would try to help if there's some debt that's been incurred," said Tad Devine, a Democratic consultant who has worked in several presidential campaigns but is unaligned this year.

By law, Obama cannot write a massive check from his flush campaign account to hers. But Obama donors, large and small, might be willing to donate to Clinton in the name of party unity.

more...

http://hosted.ap.org/dynamic/stories/C/CLINTON_DEBT?SITE=CONGRA&SECTION=HOME&TEMPLATE=DEFAULT

[LakeSamish706]

1. Speaking for myself of course, but I don't see many Obama supporters...

willing to step up to the plate and bail this BS campaign out. The entire campaign has been a nightmare to say the least and should have been ended weeks ago.

[Clear Blue Sky]

4. I agree. Donations to Obama shouldn't end up going to the Clinton's.

[thunder rising]

2. transferring that debt to her Senate campaign committee ... let NY pay for it

[Skink]

3. These politicians never stop campaigning, it is not a problem.

If we had public financing in place it wouldn't be a problem either.

[Clear Blue Sky]

5. Time for Bill to hit the lecture circuit...