Ready for Hillary Already In Debt

Super PAC holds $1M loan

Ready for HIllary campaign buttons / AP

BY:

Despite winning tens of thousands of small contributors, pro-Hillary Clinton super PAC Ready for Hillary is already in debt.

The group has raised more than $11 million since its 2013 founding, picking up hundreds of big-name Democratic donors, the New York TimesĀ reported.

By Thanksgiving, the group was in debt. According to the group's FEC disclosures, the group had $875,626 in the bank but also owed a $1 million loan that was intended to expand the organization's grassroots operations for Clinton–including its ill-advised country song ad.

"This investment, used to fund our massive post-midterms direct mail program, will pay dividends from now until Hillary announces her decision" on whether to run for president again, said Seth Bringman, a spokesman for the group.

 

Caroline Lee Smith   Email Caroline | Full Bio | RSS
Caroline Lee Smith is news editor of the Washington Free Beacon. Prior to joining the Free Beacon, she worked as a reporter and editor for United Press International. She graduated from the University of Mississippi in 2012, where she served as Editor-in-Chief of The Daily Mississippian. Caroline lives in Washington, D.C. Her Twitter handle is @cmlee. She can be reached at smith@freebeacon.com.

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