Walz is reportedly considering a Senate bid in 2026 following Democratic Sen. Tina Smith’s announcement that she will not seek re-election, Politico reported, citing an unnamed source. Alternatively, Walz could opt for a third term as Minnesota governor in 2026, as USA Today noted, as Minnesota has no term limits for its governors.

Minnesota Gov. Tim Walz is sitting on more than $1 million in campaign funds if he chooses to seek a third term as governor in 2026.