Finally, Mark Penn can get his money

Hillary Clinton's presidential campaign now has enough cash on hand to pay off her last debt

By Alex Koppelman
Published July 16, 2009 3:45PM (EDT)

About a year after she dropped out of the race for president, Hillary Clinton's campaign is finally almost debt-free. A year ago, it owed $12 million -- now, that number is just $1.5 million, and, according to Federal Election Commission records and CNN's Political Ticker blog, the campaign has $2.5 million in the bank.

All of that $1.5 million is owed to a single company: Penn, Schoen and Berland. That's the firm run by Mark Penn, who was Clinton's chief strategist until being demoted in the midst of the primaries.

Alex Koppelman

Alex Koppelman is a staff writer for Salon.

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