Breaking news: O'Neill resigns

According to Fox News, Drudge, the Washington Post, and most of the other media outlets, Treasury Secretary Paul O'Neill has resigned, effective in a few weeks.

I guess that Bush economic team shake-up rumor that's weeks old was true.

Update: CNN is reporting that Larry Lindsey, the White House's top economic advisor, is also resigning, and that both resignations would requested by the Administration.