Regime change

6 December 2002 By Rob Cox, Rob Cox, Rob Cox, Rob Cox Follow @rob1cox

About time, too. His term was marked by gaffes and the administration’s inconsistent economic policies. But now that Bush has no SEC or Treasury chief, he has nobody to blame for the economy’s performance.

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Paul O'Neill resigned abruptly as Secretary of the US Treasury. No replacement has been named.

But Reuters said that the job would go to John Snow, chairman and chief execurive of CSX Corp, the US eastcoast rail operator. snow, 63, is an economist and lawyer who served in the Ford administration as assistant secretary at the Transportation Department.

Lawrence Lindsey, the president's chief economic adviser, is also leaving. He will be replaced by Stephen Friedman, a former Goldman Sachs chairman, according to reports in Reuters and the FT.

Last month, Harvey Pitt quit as head of the Securities and Exchange Commission. A replacement has not been named.

Regime change

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