**Strong presidential backing from Donald Trump continues to anchor Pete Hegseth's tenure as Secretary of Defense, with the administration highlighting recruitment gains, budget priorities, and operational leadership in the ongoing Iran conflict.** Hegseth has maintained a visible public schedule, including a recent Middle East trip to visit troops and meet Israeli officials, alongside Pentagon briefings on Strait of Hormuz security and force posture. While internal leadership changes, Democratic calls for post-midterm investigations, and isolated Republican criticism have surfaced, no formal removal process or Trump directive has materialized ahead of the November 30 deadline. The short timeline to that date, combined with the absence of an acute scandal or confirmation vote that could force change, supports trader consensus that Hegseth will remain in place.
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