November 28, 2007
Posted: November 28th, 2007 11:05 AM ET
WASHINGTON (CNN) - President Bush's top economic adviser, Al Hubbard, is stepping down - the latest in a growing list of White House senior staff who are exiting before the end of the president's second term. White House press secretary Dana Perino announced that Hubbard's replacement will be Keith Hennessey, who is Hubbard's deputy. The position is appointed by the president with no Senate confirmation needed. Perino said Hubbard submitted his letter of resignation to Bush Wednesday morning. The White House issued a statement praising Hubbard. "In leading the policy process on issues such as taxes, entitlements, health care, energy security, the environment, and trade and investment, Al contributed his own ideas and also worked to ensure that all views were brought to the table and given fair analysis and debate," said the president.
"While many of the policies Al worked to develop are in place today, other policy initiatives, including Social Security reform and health care reform, have laid the foundation for policies I believe will be adopted in the future." Hubbard will depart by the end of the year, according to administration officials. Hubbard's departure follows other recent White House losses, including Homeland Security Adviser Fran Townsend; Karl Rove, Bush's top political adviser; Dan Bartlett, communications director; Karen Hughes, the State Department undersecretary for public diplomacy and public affairs; and Rob Portman, budget director. The administration is facing daunting economic challenges, including the mortgage crisis and market volatility. – CNN White House Correspondent Suzanne Malveaux Filed under: President Bush
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