
Hegseth's Pentagon job
Hegseth impeachment now expected in 2027 after House shelves articles
The House sent the articles to committee on Tuesday; odds of impeachment by the end of March recovered within hours of a sharp drop.
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Traders' central expectation for an impeachment has slipped to early March, with the odds of one by the end of March holding their overnight recovery.
The House voted 211–204 on Tuesday evening to send Republican Rep. Thomas Massie's resolution to impeach Defense Secretary Pete Hegseth to committee rather than vote on its articles, according to the House clerk's record. The vote blocked the immediate effort without approving any article, and traders now expect any impeachment to wait for the next Congress.
An impeachment this year, seen as likely at the start of the week, is now a long shot. One by the end of March is again seen as likely. Taken together, the bets center on early March 2027, with a range running from early January to no impeachment by the end of June. The first three months of next year are the likeliest window. When this story began, traders expected an impeachment before the end of December.
Bets on impeachment by the end of March were shaken along with the year-end ones. They stood at roughly an even chance last Friday, climbed through the weekend and looked likely by Monday. On Tuesday evening they fell sharply to a toss-up. Overnight into Wednesday they recovered most of that drop and have held there, though they remain below Monday's peak. The reason for the rebound is not independently established. The referral left Hegseth in office while the prospect of a Democratic-led House remained.
Bets on an impeachment by the end of June slipped on Tuesday but still make it likely. Traders also sharply cut bets on Hegseth leaving the Trump administration before 2027, an outcome they already considered unlikely.
The split between this year and next reflects the calendar. Republicans control the House until January, when Democrats take control after winning the midterm elections. Incoming Democratic leader Hakeem Jeffries had said he would vote for impeachment, and the Associated Press reports that the referral may only delay the push.
Massie introduced his privileged resolution on Nov. 9, after the midterms. His eight articles include the accusation that Hegseth conducted the Iran war without congressional authorization. Hegseth has rejected the accusations as policy disagreements rather than impeachable offenses. The White House urged Republicans to refer the resolution, and Republican Rep. Don Bacon said before the vote that he would oppose impeachment.
Impeachment requires only that a simple majority of the House approve at least one article. A Senate trial or conviction is a separate step. If Hegseth permanently leaves office before the House acts, there would be no impeachment to count.
Sources
Office of the Clerk, U.S. House of Representatives
Final Vote Results for Roll Call 317
Office of the Clerk, U.S. House of Representatives
Office of the Clerk: Floor proceedings
Associated Press
The Latest: House Republicans quash effort to impeach Defense Secretary Hegseth
Rep. Thomas Massie
(Original Signature of Member)
Roll Call
Massie moves to force Hegseth impeachment vote
The White House
A Resolution Impeaching Peter Brian Hegseth, Secretary of War
CBS News
House blocks Massie's effort to impeach Hegseth
Move history
- March 31, 2027▼ 12 ptsto 57%
- March 31, 2027▲ 15 ptsto 69%
- June 30, 2027▼ 14 ptsto 70%
- December 31, 2026▼ 34 ptsto 8.4%
- March 31, 2027▼ 28 ptsto 54%
Show all 8 movesShow fewer
- December 31, 2026▼ 28 ptsto 36%
- December 31, 2026▲ 6 ptsto 63%
- December 31, 2026▼ 9 ptsto 66%
Odds reflect traders’ expectations, not facts, and can swing on thin trading.