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Hillary Clinton Now in the Black

(AP Photo/Wason Wanichakorn)
The New York Daily News is reporting that Secretary of State Hillary Clinton, who labored to retire her campaign debt following her failed bid for the 2008 Democratic presidential nomination, has transformed that debt "into a $3 million mountain of political cash."

Citing federal fundraising records, the newspaper reports that, as of the end of June, Clinton's presidential campaign is $1 million in the black and her Senate campaign committee is $2.1 million ahead.

Based on those figures, the Daily News suggests that Clinton may be preparing another run for office. Hotsheet finds such a prospect unlikely. It's not uncommon for politicians to carry balances in their accounts for years or to maintain a staff after they've stopped running for office.

Clinton does have a relatively large staff – eight people – but that doesn't mean she's gearing up for a campaign, which doesn't make much since considering her current position. She has said pointedly that she is "out of politics" and that she is not considering a run for office.

One of Clinton's campaign workers told the Daily News that staff levels will soon be cut, and that the staff's job is "to wind down what was essentially a $250 million business." The staffer suggested that Clinton would either give the surplus funds from her presidential bank account to candidates for office or donate the money to charity.

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