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As Campaign Spending Soars, Clinton Loans Campaign $5 Million

HeadlineFeb 07, 2008

As the race for the White House intensifies, Senators Hillary Clinton and Barack Obama are scrambling to raise more money in what is already projected to be the most expensive election ever. On Wednesday, Clinton revealed she personally loaned her campaign $5 million last month. According to Time magazine, the campaign’s shortage of cash has forced some staff members of the Clinton campaign to forgo pay this month, including campaign manager Patti Solis Doyle. In 2007, both Clinton and Obama raised over $100 million, but Obama out-fundraised Clinton in January, when he pulled in over $32 million to her $14 million. The Obama campaign has claimed it has raised another $6.6 million dollars in online donations since Super Tuesday. According to the Center for Responsive Politics, the Democratic and Republican candidates have already spent nearly $500 million, more then every election in U.S. history except 2004.

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