Minnesota Gov. Tim Walz dropped his bid for a third term on January 5 amid a massive fraud scandal in state welfare and childcare programs, estimated at over $1 billion, drawing federal probes and fund withholdings from the Trump administration. Republican lawmakers, Trump Cabinet officials, and petitions with tens of thousands of signatures have intensified calls for his immediate resignation, citing mismanagement, but Walz has defiantly rejected them, vowing to serve out his term ending January 2027 and stating he will never seek office again. No impeachment efforts succeeded, and with no new announcements or legal actions in recent weeks, trader consensus reflects low likelihood of early exit absent major escalation like charges or deepened investigations.