Clinton Gave Own Campaign $6.4 Million
Posted on May 7, 2008
Between April 11th and Tuesday’s primaries, Hillary Clinton was forced to dig deeply into her personal coffers, giving her own campaign an additional $6.4 million in order to stay in the race for the Democratic nomination. Her campaign says she may “invest” more, though critics have more or less discounted Clinton’s chances to win.
Hillary Clinton’s struggle to keep her campaign alive is being made tougher by a drying up of donors, forcing her to lend herself $6.4m (£3.2m).
Her poor showing in Tuesday’s primaries - losing badly in North Carolina and winning narrowly in Indiana - will make it even harder to attract donors for what many will regard as a doomed campaign.
She has been unable to compete with rival Barack Obama in terms of funding since last year and had to lend her campaign $5m in February. Although her campaign team claimed she raised $10m in 24 hours after winning Pennsylvania last month - sceptics are waiting to see the accounts - her campaign has been running with large debts.
With little hope but big bank accounts left, Clinton has said she will stay in the campaign till the Democratic convention in August.