Sri Lanka president, PM to resign after tumultuous protests

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Sri Lanka president, PM to resign after tumultuous protests
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Sri Lanka's president and prime minister agreed to resign Saturday after the country's most chaotic day in months of political turmoil, with protesters storming both officials' homes and setting fire to one of the buildings in a rage over the nation's severe economic crisis.

Prime Minister Ranil Wickremesinghe said he will leave office once a new government is in place, and hours later the speaker of Parliament said President Gotabaya Rajapaksa would step down Wednesday. Pressure on both men grew as the economic meltdown set off acute shortages of essential items, leaving people struggling to buy food, fuel and other necessities.

Earlier police fired tear gas at protesters who gathered in the streets to march on the presidential residence, waving flags, banging drums and chanting slogans. In all, more than 30 people were hurt in Saturday's chaos. Opposition lawmaker Rauff Hakeem said a consensus was reached for the speaker of Parliament to take over as temporary president and work on an interim government.

Rajapaksa appointed Wickremesinghe as prime minister in May in the hope that the career politician would use his diplomacy and contacts to resuscitate a collapsed economy. But people's patience wore thin as shortages of fuel, medicine and cooking gas only increased and oil reserves ran dry. Authorities have also temporarily shuttered schools.

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