US Treasury secretary O'Neill resigns

President George W. Bush's economic team was in disarray on Friday after Paul O'Neill, US treasury secretary, and Lawrence Lindsey, White House economic adviser, announced their resignations.

"I hereby resign my position as Secretary of Treasury," Mr O'Neill said in the letter to US president George Bush. "It has been a privilege to serve the nation during these challenging times. I thank you for that opportunity."

The Bush administration was already scrambling to fill other top financial posit

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