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Conservative icon Pearce loses again by double digits (access required)

Except for his concession speech, it’s all over for Russell Pearce.

Outraised and outspent, the man who helped elevate Arizona onto the national stage in the illegal immigration debate, failed on Tuesday to persuade his party-mates to send him back to the state Legislature.

It was the former Senate president’s second loss since November – when he was ousted from office in a recall election – against an opponent who holds moderate views on immigration enforcement.

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Judge considers use of mortgage settlement money

While critics say the money should be used to help mortgage borrowers, a lawyer for the state said Wednesday that Arizona is entitled to use $50 million of its share of a multistate foreclosure settlement paid by lenders to help balance the state budget because it's compensation for revenue lost due to the housing market collapse.

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Herman Cain gives money to oust Speaker Tobin

Former Republican presidential candidate Herman Cain and two wealthy contributors to conservative causes are funding an independent expenditure campaign aimed at ousting House Speaker Andy Tobin and replacing him with a first-term Republican lawmaker who made waves in 2011 for pointing a loaded gun at a reporter during an interview.

According to a campaign finance report filed Monday, Arizonans for an Honest Government raised $40,000 through the middle of August. Cain gave the committee $5,000 on Aug. 2.

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