Breaking Story - Tony Snow Resigning

Announcement at 12:45 pm. Not unexpected, but another major departure from the Bush administration.

UPDATE: CNN says Snow is leaving September 14th and Deputy Press Secretary Dana Perino will replace him.

2nd UPDATE: It ain't the cancer, it's the dough. Snow says his cancer recovery is going well, but his $168,000 salary (highest level among White House staff) is not sufficient. He made a lot more as a commentator on Fox News and syndicated columnist, etc.

3rd UPDATE: Snow has three children. Can't afford to raise them on $168,000. The White House opposes letting states extend SCHIP Medicaid eligibility to children in families of four with household incomes any higher than $51,625.

Snow says it "was a blast," he had "fun."