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Is Clinton Headed To Cabinet?

Barack Obama recently met with Sen. Hillary Clinton which has many speculating that he will offer her the Secretary Of State cabinet position. Bob Schieffer analyzes the rumors.

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Since founding his global conference, Clinton says, he has facilitated charitable commitments valued at $46 billion that already have improved more than 200 million lives in 150 countries. And his personal wealth has ballooned as well: The Clintons earned a combined $109 million during the Bush administration.

The 63-page vetting document that Obama is using asks applicants whether there are "any categories of personal financial records . . . that you (or your spouse) will not release publicly if necessary. If so, please identify these records and state the reasons for withholding them."

Interestingly, in the margins of a copy of the application leaked from the transition team, the word "Clinton" is written next to that paragraph.

After earning $200,000 a year in the White House, the former president has raked in more than $40 million on the speaking circuit, often from foreign companies in countries where a Secretary of State Hillary Clinton would confront thorny issues in the next several years.

Even without a wife in Obama's Cabinet, Clinton has already raised eyebrows with his speeches. In February 2005, Clinton spoke about AIDS to a Swiss biotech firm whose American subsidiary eventually agreed to pay $704 million after pleading guilty to conspiracy. In 2001, he was paid $125,000 to speak to International Profit Associates, an Illinois company that was the focus of a federal investigation and a government lawsuit alleging widespread sexual harassment.

Clinton has also turned his friendships with wealthy businessmen into a source of personal income. Partnerships with billionaire California investor Ronald Burkle earned Clinton more than $5 million. The former president made more than $3 million as a consultant to InfoUSA, a consumer data business founded by his friend Vinod Gupta.

Clinton has also been linked to controversial foreign deals. A New York Times report suggested that the former president had played a key role in helping a Canadian mining executive, Frank Giustra, win a uranium-mining contract in Kazakhstan.

The paper reported that Giustra donated $31.3 million to Clinton's foundation shortly after the Kazakhstan mining deal was finalized.

Staff researcher Madonna Lebling contributed to this report.