Republican presidential candidate Ted Cruz failed to disclose on federal fundraising reports that he relied on $1 million in loans to help finance his 2012 Senate campaign.
The borrowed money included a sum from Goldman Sachs, where his wife, Heidi Cruz, is an employee.
The Texas senator's 2016 campaign spokeswoman Catherine Frazier calls the failure to report those loans on fundraising documents a "mistake" and says the campaign is seeking guidance from federal regulators on how to update the old reports.
Cruz learned he should have disclosed the loans from a New York Times reporter, who published a story on the matter late Wednesday.
The Times described the loans as totaling as much as $1 million from Goldman and Citibank and said they were paid down in late 2012.
