AP: Clinton loaned herself $6.4m [View All]

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Source: Associated Press

AP: Clinton loaned herself $6.4m

Posted by Scott Helman, Political Reporter May 7, 2008 09:18 AM

INDIANAPOLIS -- The Associated Press has confirmed this morning what many have been wondering in recent days: that Hillary Clinton, short on cash, long on debts, and facing a steep climb to the Democratic nomination, loaned herself another $6.4 million over the past month.

That brings to $11.4 million the amount of personal funds Clinton has put toward her campaign to date, though aides said donors had subsequently chipped in to cover the $5 million loan she made herself earlier this year. Barack Obama's fund-raising advantage left Clinton with little choice but to give herself money. The $6.4 million is likely to have helped her fund a rush of TV ads in Indiana and North Carolina in the closing days before yesterday's primaries.

Clinton made another explicit pitch for money in her speech last night, though it's unclear, given her underwhelming result last night, whether supporters will be eager to pony up once again. She has added a campaign stop in West Virginia today, but look for much of the media focus to be on Clinton's difficult days ahead and on growing calls for her to consider pulling the plug.

Read more: http://www.boston.com/news/politics/politicalintelligence/2008/05/ap_clinton_loan.html

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Sen Clinton's campaign finances are a worriesome indicator of how she might run the US economy.