WASHINGTON _ Texas Sen. Ted Cruz took a big gamble on his first Senate race in 2012, loaning roughly $1.2 million of his and his wife's personal funds to a campaign others called unwinnable.
Six years later, Cruz still lists that loan as an asset on personal financial forms submitted to the Senate this month _ despite acknowledging that the law won't allow him to recoup the more than half-million dollars he still hasn't been repaid.
Candidates for federal office are allowed to loan money to their campaigns without the limits applied to other donors, which is what Cruz did to defeat then-Lt. Gov. David Dewhurst in the 2012 Republican primary.
