Bill Clintons charity to help reduce Hillarys campaign debt

December 25th, 2008 - 2:31 pm ICT by ANI  

Barack Obama

Washington, Dec 25 (ANI): Former President Bill Clintons charitable foundation has come to the aid of Senator Hillary Clintons debt-ridden presidential campaign.

The William J. Clinton Foundation became the latest group to buy access to the former first ladys huge e-mail list complied during the campaign, ABC News reported.

The price paid by the foundation for the campaign e-mail list, however, will not be reported until next month, and Clinton aides have declined to say how much was paid — but the price could easily be several hundred thousand dollars.

Hillary is working under a tight deadline to pay off her massive debt because she isnt allowed to raise campaign donations after her expected confirmation as Secretary of State.

The report quoted political insiders as saying that the e-mail list is second only to that of President-elect Barack Obamas in sheer size and efficiency in reaching potential donors.

Chelsea Clinton sent e-mail to her mothers supporters at this week soliciting for year-end contributions, pointing out the Clinton foundations work on HIV/AIDS.

Hillarys campaign still owes about 6.3 million dollars to vendors after the New York senator wrote off 13.1 million dollars in loans she personally made to the campaign, FOX News reported.

The largest obligation — 5.3 million dollars — is owed to the polling firm of Clintons senior strategist, Mark Penn.

Hillary was able to write off the loan because she and her husband, former President Bill Clinton, have amassed significant wealth since leaving the White House.

The couple has reported earnings of 109 million dollars during the period, mostly from Bill Clintons paid speeches.

The Clintons also have taken several steps to clear the way for the senator to become Secretary of State.

Last week, under an agreement with the Obama transition team, Bill Clinton released the names of 205,000 donors to his presidential foundation. (ANI)

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