Senate Removes Hegseth
−0.8%
A less likely but plausible outcome is that enough Senate Republicans decide Hegseth has become a political liability after the Iran-war backlash and Pentagon partisanship allegations. Removal of a defense secretary would be rare and would create a sharper, though still limited, governance shock.
What it moves
- Industrials−1.2%
- Finance−0.5%
- Market volatility
- Riskier companies' borrowing costs
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