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Ted Cruz Failed to Disclose Goldman Loan for 2012 Senate Campaign

HeadlineJan 14, 2016

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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