Evan Vucci / AP

Mike Flynn holds the record for the shortest term as head of the National Security Council, according to the Washington Post, as well as the fastest resignation for an appointed administration official of at least the past five administrations:

  • Obama: 8 months after the inauguration, his "green jobs czar," Van Jones, resigned because of past affiliations with 9/11 conspiracies and calling Republicans "a**holes" in a video before he was appointed, according to Politico.
  • Bush: 15 months into the administration, an influential advisor, Karen Hughes, resigned to move back to Texas with her family, according to NYT.
  • Clinton: 10 months after he took office, Deputy Secretary of State Clifton R. Wharton Jr. was forced to resign because of policy issues in the Department.
  • Bush: After 21 months as Labor Secretary, Elizabeth Dole resigned. Her spokeswoman said at the time that "she felt it was time to move on."
  • Reagan: After 11 months, Max L. Friedersdorf, the assistant to the President for legislative affairs, resigned for another job.

Go deeper

Ford names James Farley as new CEO amid ongoing turnaround effort

James Hackett, left, is retiring as Ford CEO. Jim Farley, right, takes over Oct. 1. Photo: Ford

Ford announced Tuesday that James Farley will take over as its next CEO, replacing James Hackett, 65, who is retiring after three years in the job.

Why it matters: It leaves Farley to complete the company's ongoing turnaround effort. The transition will be that much harder as the industry tries to navigate the coronavirus-induced economic slowdown which shuttered Ford plants for two months on the eve of some of its most important vehicle launches.

Updated 2 hours ago - Politics & Policy

Watch the full "Axios on HBO" interview with President Trump

In this episode of “Axios on HBO”, President Trump discusses his handling of the coronavirus pandemic, the upcoming election and much more with National Political Correspondent Jonathan Swan.

The interview was filmed on Tuesday, July 28 and aired Monday, Aug. 3 on HBO.

Mergers and acquisitions make a comeback

Illustration: Sarah Grillo/Axios

A slew of high-profile headlines led by Microsoft's expected acquisition of social media video app TikTok helped bring the Nasdaq to another record high on Monday.

Why it matters: The mergers-and-acquisitions market looks like it's bouncing back, joining the revived credit and equity markets as well as the market for new public companies through IPOs and special purpose acquisition companies (SPACs).