Political veteran Caprio takes on newcomer Magaziner in Rhode Island treasurer's race

Former Treasurer Frank Caprio is seeking a second term against a political newcomer frustrated with Rhode Island's failure to rebound from the recession.

Seth Magaziner has promised to bring a fresh perspective to state government and use the office to promote economic growth. The 31-year-old investment professional has made the state's struggling economy central to his campaign.

Caprio says he wants to use what he learned in his first term to improve the office. The 48-year-old attorney and investor is hoping voters value his experience as treasurer from 2007 to 2010.

The once low-profile office is in the political spotlight because of issues with the state pension fund.

The winner of the Sept. 9 primary faces former state Auditor General Ernie Almonte, who is running as an independent, in November.