by Todd Beeton, Sat Jun 07, 2008 at 06:47:32 AM EDT
Hillary Clinton is expected to "suspend" her campaign today, a distinction that will allow her both to hold onto her delegates (although her endorsement would release them to Obama if they choose to switch to him) and to continue to raise money to pay off her $30 million in campaign debt. Clinton advisers are telling The AP that Hillary Clinton will seek help from Barack Obama in retiring the debt.
In politics, money talks. And money is likely to be an important factor in discussions between Barack Obama's advisers and the debt-saddled Hillary Rodham Clinton campaign.
Clinton will likely seek help from Obama in retiring her massive campaign debt, which has swollen to more than $30 million, including $11 million she lent the effort, advisers said Thursday.
How Obama helps Clinton with this could be tricky, but Eric Kleefeld makes an important point that should allay any Obama supporters' fears that it's their donations that will go toward settling Clinton's debts.
For the sake of clarity, it's worth pointing out that the Obama campaign cannot directly give money from its own treasury to the Clinton camp. Instead, Obama would ask his top fundraisers to help bring in the money, and likely send out e-mails to his much-praised list of small donors asking them to give Hillary a hand.
Of course, whatever deal the two do strike, Barack Obama won't exactly come away empty handed himself.
The former first lady, who plans to bow out of the race and endorse Obama on Saturday, told donors she will raise money for Obama's campaign, both to help the Democratic Party's cash position and to expand the Illinois senator's prodigious fundraising base. Her advisers estimate the former first lady could bring in $50 million to $100 million for the general election campaign...
And, if The AP article is any indication, some of Hillary's advisers may be using the talks to get something more than merely money out of the deal:
...and much more if she were named Obama's running mate.