Hillary Clinton Writes Off $13.2 Million Debt

Monday, 22 Dec 2008 02:22 PM

By Jim Meyers

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Hillary Clinton has officially written off the $13.2 million she loaned to her presidential campaign, but she still owes more than $6 million to vendors.

Clinton also wrote off $77,900 in interest on the loan, according to a filing with the FEC on Dec. 20.

Under federal law, Clinton could seek repayment of only $250,000 after the primary season ended, according to Bloomberg.com.

Sen. Clinton, who has been nominated by President-elect Barack Obama to be secretary of state, had said earlier that she did not expect to be repaid.

But she continues efforts to raise money to pay the $6.4 million she owed to vendors as of Nov. 30, down from $7.5 million at the end of October. Former chief strategist Mark Penn is owed $5.4 million.

Hillary and her husband Bill Clinton released income tax returns disclosing that they earned $109 million in eight years, nearly half of which came from the former president’s speeches. Hillary received $10.1 million in book royalties and advances.

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