Breaking: Tony Snow stepping down on Sept. 14.

CNN reports that White House Deputy Press Secretary Dana Perino will be taking his place.


UPDATE:President Bush will formally announce Snow’s departure at the White House press briefing at 12:45 PM. AP reports that Snow, who is battling cancer, is leaving “because he needs to make more money.”

UPDATE II: Snow said he’s going to do “a little” radio and tv after he leaves the White House, but won’t return to full anchor duties.