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  U.S. Veterans Affairs Secretary Jim Nicholson Quits
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ContributorAshley 
Last EditedAshley  Jul 17, 2007 01:29pm
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News DateTuesday, July 17, 2007 06:55:00 PM UTC0:0
Description July 17 (Bloomberg) -- Jim Nicholson, the U.S. secretary of veterans affairs, will resign by Oct. 1 after heading a health- care network that is sagging under the weight of returning combatants from Iraq and Afghanistan.

``I feel it is time for me to get back into business, while I still can,'' Nicholson, a member of President George W. Bush's cabinet, said in an e-mailed Veterans Affairs Department statement.

Nicholson, 69, who served in Vietnam, has headed the $77 billion Veterans Affairs Department since February 2005, a month after Bush's second term began. He was U.S. ambassador to the Vatican during Bush's first term, and before that was chairman of the Republican National Committee from 1997 to 2000. In the private sector, he had run a residential development and construction company.
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