Newsweek reports here on the financial situation with John Edwards’ two campaign committees. (emphasis is mine)

Edwards had two committees─one, the Edwards for President committee, dates back to his 2004 run, and lists $333,586 in debts from that race, including $65,000 owed to Obama adviser David Axelrod, who worked for Edwards back then. According to FEC reports filed this year, the 2004 committee listed no major receipts or expenditures─just debts. That’s not the case with Edwards’s other committee, John Edwards for President, which was set up for his 2008 race. It began the year debt-free, but it’s still spending money on stuff like staff salaries ($72,000), office supplies and other random costs, including Lexis-Nexis searches ($1,315), Web hosting ($20,645) and cell-phone bills ($10,960).

So do you think the $65,000 owed to Axelrod came up when Edwards encountered him at Sen. Kennedy’s memorial service?  From politico.com:

One of the striking scenes at last night’s memorial for Ted Kennedy was a quick reunion between John Edwards and his longtime political guru David Axelrod, who shared an embrace and chat in the lobby of the JFK Library.

Edwards seemed to do most of the talking. Axelrod — who crafted Edwards’ “Two Americas” message in 2004 before becoming President Obama’s main political adviser for the ’08 election — seemed to be doing most of the consoling, patting Edwards’ back and smiling as the former senator and ’04 vice presidential candidate spoke expressively.