Elizabeth Warren – who knows a thing or two about debt and bankruptcy – disclosed today that she has a surprising debt of her own to pay down.
Even after raising a whopping $42 million for her Senate race this year – more than any other congressional candidate in the country – the senator-elect from Massachusetts told her supporters that her campaign does not have enough cash to pay its bills.
In an e-mail, the Harvard Law professor – considered one of the nation’s preeminent scholars of American debt – asked for donations to help her wash away the red ink.
Warren did not say how much debt she needs to pay down, but blamed the shortfall in part on the thousands of volunteers who flocked to her campaign, saying “that meant even more last-minute coffee and pizza.”
“One of the results of our embarrassment of riches was, well I’ll come out and say it – we ended up with a little bit of debt,” Warren wrote. “Everyone, we need a little more money to pay off our final bills. Can you help one more time?”
A campaign official said Warren owes just $400,000 – less than 1 percent of the $42 million she raised.
Donations tax deductible
to the full extent allowed by law.