Thursday, 5 March 2015
Last updated 1 hour ago
May 19 2014 | 11:24am ET
Former Bridgewater Associates executive Dan Debicella will get another shot at a seat in Congress in November.
Connecticut Republicans overwhelmingly chose Debicella as their nominee in the state's Fourth Congressional District, with 93% of the delegate vote against two other candidates. Debicella will face off against Rep. Jim Himes (D-Conn.) in November.
It will be the second time that Debicella has run against the now-three-term congressman from Greenwich: The two squared off in 2010, a year, like this one is expected to be, favorable to Republicans. Still, Debicella was narrowly defeated, 53% to 47%.
Himes, a former Goldman Sachs banker, was reelected in 2012 with nearly 60% of the vote.
Debicella said the people of southwestern Connecticut are disappointed in the way things are going in Washington and want a change.
"It does not need to be this way," Debicella, who left his post at Bridgewater last year, said. "It's time to get beyond the mediocrity of small expectations, and demand a government that lives up to the promise of America."
For their part, the Himes campaign wasted little time blaming Nutmeg Staters' disappointment on Republicans like Debicella.
"If Dan Debicella wins, everybody loses," Maryli Secrest, Himes' campaign manager, said. "Today's convention is proof positive that Debicella and Connecticut's Republican party will be in lockstep with the Tea Party Republicans in Congress."
"Debicella is not the kind of representative southwest Connecticut needs or deserves."
Certainly, Debicella's will be an uphill battle: Connecticut has become increasingly Democratic with each passing election year. Democrats currently control all five of the state's seats in the House of Representatives and both of its U.S. Senate seats, along with control of both houses of the Connecticut General Assembly. Democrats also hold all of the state's elective executive offices, including the governorship.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…