AND ANOTHER ONE'S GONE...:

Bush economic adviser leaving White House (DEB RIECHMANN, November 23, 2004, AP)

Stephen Friedman, one of the President Bush's top economic advisers, is leaving the White House to return to the private sector in New York, a senior administration official said Tuesday.

Friedman, who served as the behind-the-scenes coordinator for the administration's economic policies, is to leave by the end of the year. There is no imminent announcement on his replacement, said the official, speaking on condition of anonymity.

Friedman replaced Larry Lindsey, who resigned with former Treasury Secretary Paul O'Neill two years ago in a shake-up of Bush's economic team.

The senior administration official said that while there has been wide speculation that Friedman might become treasury secretary in Bush's second term, Friedman had never been considered for the job because he had expressed no desire for the post. Friedman had expressed his intention to return to New York after the presidential campaign, the official said. [...]

One person mentioned as Friedman's replacement as head of the National Economic Council is Tim Adams, who served as policy director for Bush's re-election campaign and before that was chief of staff at the Treasury Department under both O'Neill and current Treasury Secretary John Snow.