Elections

Cruz: Trump ‘Owes At Least $480 Million Right Now’ [VIDEO]

Derek Draplin Associate Editor
Font Size:

Sen. [crscore]Ted Cruz[/crscore] on Sunday accused front-runner Donald Trump of owing $480 million, noting “it could be billions.”

Appearing on “Fox News Sunday” the Texas senator told host Chris Wallace that his own loans to run for senate were disclosed and also accused Trump of owing millions.

“If you look at his financial disclosure, he owes at least $480 million dollars right now, and it could be billions,” Cruz told Wallace.

“He knows this loan story is completely nonsense,” Cruz said. “It’s also the height of chutzpah — for someone who owes hundreds of millions of dollars if not billions of dollars, to attack Heidi and me because we our life savings into running for senate. And the statement that the loans weren’t disclosed, he knows is flat out false. The loans were disclosed.”

Wallace then pressed Cruz to explain what Trump owes.

“If you look at his financial disclosure, he owes at least $480 million dollars right now and it could be billions,” Cruz told Wallace. “And by the way with loans when Heidi and I take loans, we pay them back.”

“Donald’s declared bankruptcy four times, and so for him to sit there owing hundreds of millions or billions or who knows, and to criticize Heidi and me for putting our entire net worth into the campaign is astonishing,” Cruz said. “It is not honest, especially because the loans were disclosed, they were publicly disclosed at the time.”

WATCH:

Follow Derek Draplin on Twitter.