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Hillary Clinton Close to Paying Off 2008 Campaign Debt

Politics

0  Updated at 9:09 am, July 19th, 2012 By: ABC Digital
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SAUL LOEB/AFP/GettyImages(WASHINGTON) — Hillary Clinton, who has steadily chipped away at the more than $25 million in debt her campaign amassed during her run for president, owes only $100,000, according to Federal Election Commission disclosures for the second quarter of 2012.

Running for president is expensive, and although the subject of campaign debt has usually been synonymous with Newt Gingrich in the past several months, Clinton is among the many former presidential candidates who’ve departed the trail in debt.

She suspended her campaign in June 2008 owing $25 million, but had paid off enough by the end of that year to owe $5.9 million.

Almost four years later, the campaign owes $100,000 to one entity, the firm of Penn, Schoen & Berland for consulting and polling fees.  Penn, Schoen & Berland is a market research firm headed up by a trio of longtime advisers to both Bill and Hillary Clinton: Mark Penn, Doug Schoen and Michael Berland.

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