Romney changes loans to gifts

Former Republican presidential candidate Mitt Romney will reclassify as a gift $45 million in loans he made to his campaign, his spokesman said Thursday, ensuring that he will not compete with presumptive GOP nominee John McCain for donations.

Romney, a former Massachusetts governor and venture capitalist, has worked assiduously in recent months to repair relations with McCain after a bitter primary fight. Romney has raised money for McCain, appears on television touting his presidential qualifications and is considered a serious contender to be his running mate.

“Mitt Romney’s priority right now is raising money for other Republicans and not trying to recoup the money into his own race,” Romney spokesman Eric Fehrnstrom said. “At some point, the Romney loans will be reclassified as contributions.”

New York

Clinton unclear on convention speech

Former President Clinton said Thursday he is eager to campaign for Barack Obama whenever the Democrat needs him, but has not given any thought to whether he wants to speak at the party convention in Denver.

“I told him that whenever he wanted me to do it, I was ready, and so it’s basically on their timetable,” Clinton said.

Relations between Clinton and Obama have only just began to thaw since Obama defeated the former president’s wife, Hillary Rodham Clinton, in the bruising Democratic primary that ended last month.

From wire reports

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