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White House Press Secretary Tony Snow announces resignation

White House press secretary Tony Snow says his resignation has nothing to do with cancer and everything to do with money. According to sources from the Bush administration, he will step down from his position. Snow, however, is not making an announcement at this time.

Snow did tell conservative talk-show host Hugh Hewitt that financial reasons prevent him from serving the remainder of the Bush administration.

"I'm not going to be able to go the distance, but that's primarily for financial reasons." Snow said. "I've told people when my money runs out, then I've got to go."

Snow, who makes $168,000 as the White House spokesman, took a significant pay cut to take his press secretary job in April 2006 and while he reportedly loves his job, it seems his financial sacrifices are just too great. Previously, Snow -- who has three children he is preparing to send to college -- worked for the Fox News Channel and hosted his own nationally syndicated talk show.

At age 52, Snow is battling cancer for a second time. First treated for colon cancer in 2005, a growth in his abdomen led in March to the discovery of a recurrence -- his cancer had spread to his liver. Snow underwent chemotherapy and has been reporting that his health has stabilized.

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