Breaking News

Tweet TWEET

Hillary Clinton Pays Final 2008 Bill to Clear Her Account

Hillary Clinton, who is often mentioned as a prospective 2016 presidential candidate, has cleared her 2008 campaign debts.

Clinton, the outgoing U.S. secretary of state, reported yesterday to the Federal Election Commission that she paid off the remaining bill to her former chief political strategist, Mark Penn. She even had $294,833 left over.

At the end of 2008, after Clinton lost the Democratic primary to President Barack Obama, she owed $5.4 million, all to Penn. Clinton earlier wrote off a $13.2 million personal loan to her unsuccessful campaign.

The president chose her for secretary of state after that election. Clinton plans to leave the post as soon as new nominee John Kerry, a U.S. senator from Massachusetts, is confirmed.

In November, her campaign raised money by offering a free trip for a donor and a guest to New York to spend time with her husband, former President Bill Clinton. Obama’s campaign committee also helped generate cash for her committee by renting her campaign mailing list in October for $62,782, FEC filings show.

To contact the reporter on this story: Jonathan D. Salant in Washington at jsalant@bloomberg.net.

To contact the editor responsible for this story: Jeanne Cummings at jcummings21@bloomberg.net.

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.