Clinton Whittles Campaign Debt to $1.5 Million, All to Penn
Clintons campaign raised $541,276 in donations between April 1 and June 30, including $5,000 from the political action committee of New York-based New York Life Insurance Co., FEC records show. She had $2.5 million in the bank at the end of June, more than enough to pay off the remaining debt to Penns firm, Penn, Schoen & Berland Associates, owned by London-based WPP Plc.
Penns handling of the campaign and potential conflicts with his business drew criticism, and he gave up his political role in April 2008.
Clintons campaign also earned $403,239 renting out its list of supporters. Those paying for the names included the foundation founded by her husband, former President Bill Clinton; Senate Democrats Barbara Boxer of California and Christopher Dodd of Connecticut; the Democratic Senatorial Campaign Committee; and Representatives Kathy Dahlkemper of Pennsylvania and Jerrold Nadler of New York.
Clinton earlier wrote off a $13.2 million personal loan she made to her presidential campaign.