Clock Ticking on Clinton Loans

U.S. News and World Report: "Experts disagree on whether or not Clinton will actually stick in the fight until the Democratic National Convention in August. But the date looms large for another reason -- at least, if she hopes to recoup any of the millions she has sunk into the campaign. Thanks to a little-known provision in 2002's McCain-Feingold campaign-finance reform bill, a campaign must repay the loan to a candidate before Election Day. In this case, that's the nominating convention. After the election has passed, a bankrupt campaign is limited to gathering just $250,000 from contributors, which means that modest sum is all it can give back to a candidate. In short, Clinton stands to lose $11,150,000."

May 8, 2008 | Related News



PREMIUM BLOG AD

BLOG ADS

GOOGLE ADS









The largest collection of political memorabilia in one place.

MSNBC



JOB BOARD

View All Jobs
Post a Job


TOOL BOX