NEW YORK (CNN) February 7, 2008
Democrat Hillary Clinton
loaned her presidential campaign
$5 million in January, the New
York senator said Wednesday.
"I
loaned the campaign $5 million
dollars from my money," she said
at a press conference at her
Arlington, Virginia
headquarters. "I loaned it
because I believe in this
campaign and we were and I think
the results last night proved
the wisdom of my investment."
Earlier Wednesday, Clinton
spokesman Howard Wolfson
confirmed reports Clinton had
lent her campaign money in
January, and said "The loan
illustrates Sen. Clinton's
commitment to this effort and to
ensuring that our campaign has
the resources it needs to
compete and win across this
nation."
The news comes days after Barack
Obama's campaign announced it
had raised $32 million in
January alone. Clinton campaign
Chairman Terry McAuliffe later
said the Clinton raised less
than half that in the same
period about $13.5 million.
The $5 million Clinton loaned to
herself was in addition to the
$13.5 million she raised.
In
his statement Wednesday, Wolfson
also said Clinton's Super
Tuesday victories have brought
in a fresh wave of campaign
cash.
"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."
According to Clinton's latest
Federal Election Commission
report, had roughly $18.5
million cash on hand that could
be spent during the primary
season heading into Januarys
initial contests.
News of Clinton's loan came the
same day the campaign sent out a
fundraising e-mail to supporters
with the goal of raising $3
million in three days.
"We had a great day yesterday,"
the e-mail said. "Now we must
keep that momentum going. You
have sustained me throughout
this journey, and I am calling
on you again to give our
campaign the resources we need
to win critical upcoming races."
