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 9/10 Excellent --- news.aol.com http://news.aol.com/political-machine/rss.xml
Monday, May 12, 2008 --- 73 days ago http://news.aol.com/political-machine/2008/05/12/clintons-20-million-hole/
 Filed under: Hillary Clinton , Democrats , Republicans , John McCain , Breaking News , Mitt Romney Over the weekend, Hillary Clinton's campaign confirmed that it is now $20 million dollars in debt. Some have speculated that any deal that lays the groundwork for her exit from the Democratic race will have Barack Obama picking up Clinton's trail of unpaid bills. While many Clinton supporters scoff at this notion, and cheer their candidate to soldier on until the convention in August, there may be a more compelling reason to settle up before then. Actually, make that 11 million reasons. From US News and World Report : Experts disagree on whether or not Clinton will actually stick in the fight until the Democratic National Convention in August. But the date looms large for another reason--at least, if she hopes to recoup any of the million s she has sunk into the campaign. Thanks to a little-known provision in 2002's McCain-Feingold campaign-finance reform bill, a campaign must repay the loan to a candidate before Election Day. In this case, that's the nominating convention. After the election has passed, a bankrupt campaign is limited to gathering just $250,000 from contributors, which means that modes sum is all it can give back to a candidate. In short, Clinton stands to lose $11,150,000. "If she wants to be repaid, she'd have to move on that between now and the national convention," says former Federal Election Co ... |
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