The financially troubled Democratic National Committee (DNC) said it raised $4 million Thursday night at a Washington, D.C., fund-raiser featuring President Bill Clinton.

The president told the donors that he was proud of them. "I wish we could have had this event in the Lincoln bedroom, but there wasn't enough coffee in the White House," Clinton joked.

The money will barely keep the DNC afloat, however. At last report the party was more than $14 million in debt, not counting $1.5 million in questionable donations it has promised to return, and mounting legal bills it has promised to pay.

Of the $4 million donors had promised in connection with Thursday's event, party sources said only about $1 million had actually been collected prior to the event.