Andy Card Resigns

OMB Director Josh Bolten Named Successor

"Josh is a creative policy thinker," Bush said. "He is an expert on the budget and our economy. He is a man of candor and humor and directness. No person is better prepared for this important position."

"I'm deeply honored now by the opportunity to succeed Andy Card as White House chief of staff," Bolten responded. "I said, 'Succeed Andy Card, not replace him,' because he cannot be replaced."