Article: Architect of administration tax cut packages resigns; Expected: The White House names Harvard professor Gregory Mankiw as successor

WASHINGTON (AP) - Glenn Hubbard, the chief architect of the Bush administration's tax cut package, resigned on Wednesday as head of the president's Council of Economic Advisers. The White House quickly announced a successor, Harvard economics professor Gregory Mankiw.

Hubbard, in a one-page letter released late Wednesday by the White House, said that Friday would be his last day as chairman of the three-member council. A brief White House statement released shortly afterward said Mankiw, author of two widely used economics textbooks, was Bush's choice to replace Hubbard. The job requires Senate confirmation.

While Hubbard's resignation had been expected, it comes at a sensitive time for the ...

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