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January 14, 2016

Ted Cruz Failed to Disclose Goldman Loan for 2012 Senate Campaign
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In news from the campaign trail, Republican presidential candidate Ted
Cruz is under fire for failing to disclose a Goldman Sachs loan used to
finance his 2012 Senate bid in Texas. The New York Times reports Cruz's
personal financial records show that in 2012 Cruz took out loans from
Goldman Sachs and Citibank totaling $1 million. Cruz's Senate campaign
did not report either of the loans in its filings with the Federal
Election Commission. Candidates are required to disclose the source of
money they borrow to finance their campaigns. Cruz's wife, Heidi Cruz,
is currently on leave as a managing director at Goldman Sachs. The
revelations come ahead of tonight's Republican presidential campaign
debate in North Charleston, South Carolina.


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