The New York Times reported Friday afternoon that President Trump told his aides he wanted Bannon out, and the discussion then turned to how and when to dismiss the controversial aide. However, an unidentified source told The Times Bannon submitted a letter of resignation on August 7, but announcing his departure was postponed this week because of the tragedy in Charlottesville, VA over the weekend.
Today will be his last day, according to CNN's Jim Acosta, but President Trump has not yet commented on his departure.
After violence erupted at a white nationalist rally in Charlottesville on Saturday, Bannon called the white nationalists responsible "a collection of clowns." His comments were criticized as downplaying the real threat racist ideologies pose to people of color, especially after a counter-protester and two police officers died in Charlottesville, and many more were injured.
The ousted White House chief strategist will reportedly return to Breitbart News, and Vanity Fair's Gabriel Sherman reports Bannon plans to turn the website's messaging against President Trump.
This is a developing story. Check back here for more updates.