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On the same day that it lost top Iowa advisor Jim Nussle (who was tapped by President Bush to head the OMB), the Giuliani campaign's state chairman in South Carolina, Treasurer Thomas Ravenel, was indicted today and charged with distributing cocaine.

The Giuliani campaign just released the following statement, from political director Mark Campbell:

"Our campaign has no information about the accusations pending against Mr. Ravenel. Mr. Ravenel has stepped down from his volunteer responsibilities with the campaign."

There's very little we know at this point, so not much more to say. But either way, a rough day for Rudy in some key early states.