Pete Hegseth continues to serve as Secretary of Defense (now titled Secretary of War) with active involvement in administration priorities, including recent budget testimony before Congress in late April 2026 and public appearances such as a June 14 interview on Face the Nation addressing the U.S.-Iran truce. Despite Democratic-led impeachment efforts in April and reports of personnel changes such as officer reassignments and firings earlier in the year, no administration announcements, Senate actions, or White House statements have signaled plans for his removal. Trader consensus reflected in the 89.5% “No” price aligns with the absence of near-term catalysts before July 31, as Republican control of the executive branch supports continuity absent a major new development.