James Mattis with Dina Powell in Riyadh, Saudi Arabia. Photo: Jonathan Ernst - Pool / Getty Images

Dina Powell is returning to Goldman Sachs after serving as the White House's deputy national security adviser. Bloomberg first reported the news, and a source from the investment firm shared the memo with Axios.

From the memo: "Dina will focus on enhancing the firm's relationships with sovereign clients around the world," the memo reads. "Dina will also assume overall responsibility for the firm's corporate engagement initiatives."

Powell, who served in the George W. Bush administration, is known as one of the most highly-networked people in American politics, and left the White House with a string of senior endorsements.

Defense Secretary James Mattis wrote: "With the pending departure of Dina Powell, we are losing an invaluable member of the President's national security team. I personally appreciate Dina's partnership and contributions to the mission of the Department of Defense."

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Americans reflect on Independence Day amid racism reckoning

A Black Lives Matter banner and a United States flag on the facade of the U.S. embassy building in Seoul, South Korea. Photo: Simon Shin/SOPA Images/LightRocket via Getty Images

America's leaders are rethinking how they view Independence Day, as the country reckons with the historic, unequal treatment of people of color during a pandemic which has disproportionately affected nonwhite Americans.

Why it matters: The country’s legacy of racism has come into sharp focus in the weeks of protests following the death of George Floyd while in Minneapolis police custody. From Confederate statues to Mount Rushmore, Americans are reexamining the symbols and traditions they elevate and the history behind them.

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Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 7 p.m. ET: 11,031,905 — Total deaths: 523,777 — Total recoveries — 5,834,337Map.
  2. U.S.: Total confirmed cases as of 7 p.m. ET: 2,788,395 — Total deaths: 129,306 — Total recoveries: 790,404 — Total tested: 34,213,497Map.
  3. States: ICU beds in Arizona's hot spot reach near capacity.
  4. Public health: The states where face coverings are mandatory Fauci says it has been a "very disturbing week" for the spread of the coronavirus in the U.S.
  5. Economy: The economy may recover just quickly enough to kill political interest in more stimulus.
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Washington Redskins to review team name amid public pressure

Photo: Patrick McDermott/Getty Images

The Washington Redskins have announced they will be conducting a review of the team's name after mounting pressure from the public and corporate sponsors.

Why it matters: This review is the first formal step the Redskins are taking since the debate surrounding the name first began. It comes after weeks of discussions between the team and the NFL, the team said.