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CREDIBLE
80
CredRank
8 credits.
2 discredits.
According to Bloomberg, Sen. Hillary Clinton "will face a financial decision if she is nominated as secretary of state: what to do about the more than $7 million in debts left over from her presidential campaign."
"She could pay off the bulk of her debt by liquidating her Senate campaign committee account. She also could legally continue to raise money, though that may present ethical concerns if she is serving in the Cabinet."However, Politico notes that taking the post could give Clinton "a powerful case to make to the Federal Election
Commission about why it should forgive her campaign debt through a
settlement process not unlike filing for bankruptcy."Meanwhile, a piece in the Wall Street Journal suggests Bill Clinton is going to extraordinary measures to assure the Obama team that his charitable and business activities will not present conflicts for his wife should she join the administration.
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