Howard Lutnick continues to serve as Secretary of Commerce more than 18 months after Senate confirmation on a 51-45 party-line vote in February 2025. Official administration records list him in the role as of mid-August 2026, where he has overseen tariff policy implementation, departmental budget requests, and trade initiatives aligned with the president's agenda. Democratic members of Congress issued public calls for his resignation in May 2026 after hearings on prior associations, yet these have produced no corresponding action from the White House or Senate Republican leadership. With no announced plans for replacement, cabinet shake-up, or resignation and roughly four and a half months remaining until the resolution date, current trader pricing aligns with the low historical rate of mid-term cabinet departures absent clear executive signals.