Clinton Loaned Campaign $5 Million

By Ed O'Keefe

Feb 6, 2008 3:45pm

ABC News’ Kate Snow and Teddy Davis Report: Late last month Senator Hillary Clinton loaned her campaign $5 million dollars of her own personal money, ABC News has learned.

At a press conference at her campaign headquarters in Arlington, Virginia, Clinton, D-N.Y., said, "I did I loaned the campaign $5 million dollars of my money. That’s where I got the money. I loaned it because I believe very strongly in this campaign. We had a great month fundraising in January, broke all records, but my opponent was able to raise more money, and we intended to be competitive and we were. And I think the results last night proved the wisdom of my investment."

The loan came in the same month that Senator Barack Obama, D-Ill., raised $32 million.

Clinton’s campaign reportedly raised about $13 million dollars last month. The campaign says that amount does not include the $5 million loan.

"The loan illustrates Senator Clinton’s commitment to this effort and to ensuring that our campaign has the resources it needs to compete and win across this nation. We have had one of our best fundraising efforts ever on the web today and our Super Tuesday victories will only help in bringing more support for her candidacy," said Communications Director Howard Wolfson.

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