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Groups backing Ted Cruz raise $31 million in a single week

GOP presidential candidate Ted Cruz vaulted to the top tier of the 2016 money race Wednesday as supporters announced that super PACs backing his bid had raised $31 million in a single week.

The haul — which ranks as one of the biggest fundraising surges in modern presidential-race history — served as a sudden wake-up call for the rest of the likely Republican field, particularly Jeb Bush, who until now had enjoyed his status as the premier fundraiser in the contest’s early stage.

Published 08APR15
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