Hillary Clinton has cut down on the size of her campaign debt

Published Thursday November 20th, 2008

THE ASSOCIATED PRESS

WASHINGTON - Campaign finance reports show Senator Hillary Rodham Clinton has reduced the size of her presidential campaign debt to less than $7.5 million as of November 1.

According to Federal Election Commission records, Clinton raised nearly $690,000 in October. She raised a total of $218 million in her failed presidential bid. Clinton owed vendors $12 million at the end of June.

That was the month she abandoned her presidential campaign and ceded the Democratic nomination to now President-elect Barack Obama.

She also lent herself nearly $13.2 million. Under federal law, Clinton can only repay herself $250,000 with private donations.

Obama is considering Clinton for secretary of state. As a cabinet member Clinton would face fundraising restrictions to retire her debt.

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