Post-midterm Republican congressional losses have accelerated personnel turnover in the Trump administration, with White House Chief of Staff Susie Wiles resigning in early November and multiple senior Justice Department officials departing amid expected Democratic oversight. Trader attention has centered on Commerce Secretary Howard Lutnick, whose odds reflect scrutiny over export-control delays and a scheduled Senate Banking Committee appearance, alongside questions about other officials including Markwayne Mullin and Pete Hegseth. President Trump has signaled possible limited Cabinet adjustments without naming individuals, while earlier 2026 replacements at Justice, Homeland Security, and Labor illustrate the pattern of departures. Resolution occurs by December 31, 2026, so further announcements or hearings before year-end could shift probabilities for remaining appointees.
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