Fiorina loans her U.S. Senate campaign $2.5 million
Republican U.S. Senate candidate Carly Fiorina jump-started her campaign with a $2.5-million loan, according to financial documents released this morning.
The former chief executive of computer maker Hewlett-Packard, Fiorina is engaged in a tough primary battle with Orange County Assemblyman Chuck DeVore of Irvine. Fiorina, who announced her candidacy in November, pledged not to self-finance her campaign, but the large loan will help her compete with DeVore, and, if she wins, against Democratic Sen. Barbara Boxer.
“This is a pivotal time both for California and for the nation, and I am dedicated to the task ahead and in this race to win,” Fiorina said. “Frank and I have invested in this campaign because we’ve been blessed and believe that 2010 will mark the resurgence of the fundamental principals of smaller government, job creation, and an unswerving commitment to the cause of freedom across the globe -- all principles I am deeply committed to and will run my campaign on.”
In addition to the loan, Fiorina received more than $1 million in donations in the fourth quarter of 2009, leaving her with $2.7 million in the bank, according to the documents. Her 2-month-old campaign has already spent more than $830,000.
-- Seema Mehta
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