CapitalSource's Delaney Wins Primary for House Seat

John Delaney, the founder and chairman of CapitalSource in Bethesda, Md., has won the Democratic nomination for a redistricted Congressional seat and will square off against Republican incumbent Roscoe Bartlett in November's general election.

A political newcomer, Delaney defeated state Sen. Robert J. Garagiola in the race for Maryland's 6th district, which was recently redrawn to include much of heavily Democratic Montgomery County. Delaney, who has founded several commercial financing companies, is running on the strength of his business experience and recently won the endorsement of former President Bill Clinton.

Delaney has taken a leave of absence as CapitalSource's executive chairman to pursue the Congressional seat. He remains chairman of the company's board of directors.