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Report: Presidential candidate Ted Cruz failed to properly report campaign loan

U.S. Sen. Ted Cruz, a front runner in the crowded Republican presidential primary field, failed to properly disclose two six-figure loans from Goldman Sachs and Citibank that were used to help finance his campaign for Senate in 2012, according to a New York Times report published Wednesday.

U.S. Sen. Ted Cruz, a front runner in the crowded Republican presidential primary field, failed to properly disclose two six-figure loans from Goldman Sachs and Citibank that were used to help finance his campaign for Senate in 2012, according to a New York Times report published Wednesday.

A spokeswoman said it was "inadvertent" and that Cruz would file new, updated reports.

The story contrasts the discovery of the loans from two of the mega-Wall Street institutions — one, Goldman Sachs, which also happens to employ Cruz's wife — with the presidential hopeful's often-told tale of how he spent his own money to finance the Senate race.

Read the whole story here.