Treasury Secretary Paul O'Neill and top White House economic adviser Larry Lindsey have both resigned. More later.
Update: Here's the WaPo story; the resignations were "at the request of the White House." Here's the AP story, which says "Bush advisers have been increasingly worried that a lagging economy could hamper the president's re-election prospects. [Duh!] The unemployment rate rose to 6 percent on Friday, the highest in nearly nine years."
The thing I don't get is, these announcements are supposed to be timed for a busy news day, not a slow one, so they're virtually ignored by the so-called "liberal" media. Instead, other big news includes the fact that unemployment is now at 6% (Merry Xmas, y'all!) So I can't feature why today--unless we're about to see Ashcroft announce an "elevated" level of terror threat, or something.
Update #2: Kos notes "that there were no pretensions about 'spending time with my family' ...This was a good ol' fashioned firing." and that it was tantamount to an admission "that his economic team was inept," as if a sluggish stock market and ongoing corporate layoffs didn't make it a foregone conclusion.