The presidency of Gerald Ford began on August 9, 1974, when Gerald Ford became President of the United States upon the resignation of Richard Nixon from office, and ended on January 20, 1977, a period of 895 days. His presidency ended following his defeat in the 1976 presidential election by Democrat Jimmy Carter. When New York City faced bankruptcy in 1975, Mayor Abraham Beame was unsuccessful in obtaining Ford's support for a federal bailout. The incident prompted the New York Daily News' famous headline 'Ford to City: Drop Dead', referring to a speech in which 'Ford declared flatly ... that he would veto any bill calling for 'a federal bail-out of New York City''.
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