Reuters: Politics: Dewhurst concedes to Cruz in Texas Republican Senate runoff

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Dewhurst concedes to Cruz in Texas Republican Senate runoff Aug 1st 2012, 03:06 AUSTIN, Texas | Tue Jul 31, 2012 11:06pm EDT AUSTIN, Texas (Reuters) - Texas Lieutenant Governor David Dewhurst conceded defeat on Tuesday to Tea Party favorite Ted Cruz in the Texas Republican U.S. Senate runoff election. The outcome was a stunning upset after the longtime Texas lawmaker Dewhurst finished first in a crowded field during the initial round of primary voting in May, but failed to win a majority of the vote to avoid a runoff. Dewhurst, who spent at least $19 million of his own fortune during the campaign, was backed by Governor Rick Perry and most of the Texas Republican establishment. But Cruz received millions of dollars in financing from several national conservative groups. Cruz is favored to win the November election for the U.S. Senate seat being vacated by Republican Kay Bailey Hutchison.

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