Word: debt
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...allowed to give. Meanwhile, amid hard economic times - and absent the political intensity of a hard-fought campaign - it is more difficult to get small donors to open their checkbooks. Still, Clinton is determined to clear her balance sheet. "She feels a real moral obligation to pay off the debt," says Begala, "to pay off every last nickel to everybody." As for his own role in her latest fundraising drive, Begala says, "I'm doing this because I just want her to have a clear conscience...
...pseudo-incumbency campaign strategy. In an election year when voters were looking for freshness and change, that may have been the biggest of all the mistakes Clinton made. A quarterly filing that Clinton's campaign made late Wednesday with the FEC showed that it remains $2,307,740.82 in debt to Penn, Schoen & Berland Associates LLC for consulting, polling and mail expenses. (Read "Clinton's Mark Penn Problem...
...shareholders of WPP," says WPP executive vice president Howard Paster, who ran the Office of Legislative Affairs in Bill Clinton's White House. And as long as Hillary Clinton continues to show an ability to pay them off, the firm does not have the option of simply forgiving the debt, Paster insists. If it did, its lawyers say, that could be an illegal in-kind contribution under federal election...
...Clinton is in fact making significant progress in tackling her debt, which she managed to trim by nearly two-thirds during the first quarter of 2009. But that's not because of gimmicks like raffling off tickets to American Idol. Her campaign's real asset is its database of supporters. In the first quarter alone, it raised more than $2 million renting out that list. Among those who paid the most to use it: Barack Obama's Inauguration committee and the William J. Clinton Foundation, each of which spent...
...also cut her debt to Penn, Schoen & Berland - which stood at close to $5.4 million at the end of last year - by more than half. At some point, though, what's left of the Clinton campaign operation may, in Paster's words, "hit a wall." At that time, the law allows her to seek the FEC's permission to renegotiate the terms of her indebtedness to the company. But that's a conversation for another day, Paster says, adding, "For now, we expect to be paid...