Loftis beats newcomer for 2nd term as SC treasurer - WCIV-TV | ABC News 4 - Charleston News, Sports, Weather

Loftis beats newcomer for 2nd term as SC treasurer

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COLUMBIA, S.C. (AP) - South Carolina Treasurer Curtis Loftis has won the Republican primary against political newcomer Brian Adams.

Early results show Loftis winning Tuesday with 62 percent of the vote. The outcome means he wins a second term as South Carolina's chief financial officer. As in 2010, no Democrat or third-party candidate is running.

The office's duties include paying state government's bills and overseeing the Future Scholar college savings program. The treasurer is also chairman of the board that regulates state banks.

Loftis has spent much of his tenure fighting with the Retirement Systems Investment Commission, the agency that invests South Carolina's pension portfolio.

Adams jumped into the race in late March, saying he wanted to give voters a choice. His campaign had less than $3,200 available as of May 31.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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