Post by jeffolie on Jun 2, 2008 17:49:18 GMT -6
Hillary Clinton in negotiations for Barack Obama to help pay off her debts
Posted by Toby Harnden on 02 Jun 2008 at 22:28
Negotiations are understood to be taking place between the Obama and Clinton campaigns about the Illinois senator helping to repay some of the massive debt incurred by his rival. One of Hillary Clinton’s donors said that the former First Lady’s campaign was as much as $40 million in the red.
In a conference call with major donors this afternoon, contributors were told by Harold Ickes, a senior Clinton adviser, that she was unlikely to pull out of the race until the issue of her massive debts was resolved. The New York senator has lent her own campaign at least $11.5 million.
One source close to a major donor said: “It’s not about the vice-presidency or any other position she might get. It’s about the money – in particular the Clinton family money.” The Obama campaign might have to reach deeply into its well-stocked coffers in order to secure the full support of Mrs Clinton and her husband Bill in the November general election.
But in a sign that Mr Obama believes a deal can be struck, he said at an event in Troy, Michigan: “Mrs Clinton has run an outstanding campaign and she is an outstanding public servant. And she and I will be working together in November.”
Toby Harnden has been The Daily Telegraph's US Editor since 2006. He lives in Washington DC with his wife Cheryl, daughter Tessa and dog Finn. Toby was previously Chief Foreign Correspondent for The Sunday Telegraph. He first joined The Daily Telegraph in 1994 and has been its Ireland Correspondent, Washington Bureau Chief and Middle East Correspondent. He is the author of Bandit Country: The IRA & South Armagh (1999). An archive of his work is at www.tobyharnden.com. Story ideas and news tips are welcomed and Toby can be contacted at toby.harnden@telegraph-usa.com.
blogs.telegraph.co.uk/foreign/tobyharnden/june2008/cashtalks.htm
also on Drudge: www.drudgereport.com/
Clinton negotiating with Obama to pay her off
Posted by Toby Harnden on 02 Jun 2008 at 22:28
Negotiations are understood to be taking place between the Obama and Clinton campaigns about the Illinois senator helping to repay some of the massive debt incurred by his rival. One of Hillary Clinton’s donors said that the former First Lady’s campaign was as much as $40 million in the red.
In a conference call with major donors this afternoon, contributors were told by Harold Ickes, a senior Clinton adviser, that she was unlikely to pull out of the race until the issue of her massive debts was resolved. The New York senator has lent her own campaign at least $11.5 million.
One source close to a major donor said: “It’s not about the vice-presidency or any other position she might get. It’s about the money – in particular the Clinton family money.” The Obama campaign might have to reach deeply into its well-stocked coffers in order to secure the full support of Mrs Clinton and her husband Bill in the November general election.
But in a sign that Mr Obama believes a deal can be struck, he said at an event in Troy, Michigan: “Mrs Clinton has run an outstanding campaign and she is an outstanding public servant. And she and I will be working together in November.”
Toby Harnden has been The Daily Telegraph's US Editor since 2006. He lives in Washington DC with his wife Cheryl, daughter Tessa and dog Finn. Toby was previously Chief Foreign Correspondent for The Sunday Telegraph. He first joined The Daily Telegraph in 1994 and has been its Ireland Correspondent, Washington Bureau Chief and Middle East Correspondent. He is the author of Bandit Country: The IRA & South Armagh (1999). An archive of his work is at www.tobyharnden.com. Story ideas and news tips are welcomed and Toby can be contacted at toby.harnden@telegraph-usa.com.
blogs.telegraph.co.uk/foreign/tobyharnden/june2008/cashtalks.htm
also on Drudge: www.drudgereport.com/
Clinton negotiating with Obama to pay her off