Failed Clinton Campaign $30 Million In Debt
AP reports that Clinton will report about $30 million in debt, $11 million of it to herself, and that she'll seek Obama's help in clearing it.
That's a lot of money.
A few notes here: First, she's under no personal obligation to pay it off. The debt belongs to her committee, not to her personally, and if she wants to run again, she can start another committee. But if she doesn't clear it, it'll make fundraising and dealing with vendors much harder on a future run, and generate quite a bit of ill will.
Second, Obama can't pay it directly. He can ask his donors to help. There's a question of whether they'll balk at the $11 million that would go directly back into the Clintons' pockets.
Third, Clinton is able to conduct a kind of trade. She has her own massive fundraising machine, and can now point it in Obama's direction — though many of her donors will go that way with or without her urging.
Also: Expect Clinton to do a lot of fundraising for Senate and House candidates this cycle, another way to cement her place as a leader of the party.