**Mitch McConnell’s repeated public statements that he will serve out his Senate term through January 2027 underpin the strong trader consensus favoring “No.”** He announced in February 2025—on his 83rd birthday—that he would not seek an eighth term and described his current tenure as his last, while emphasizing his intent to complete the job Kentucky voters elected him to perform. This followed his earlier decision to step down as Senate Republican leader after the 2024 elections, with John Thune succeeding him. Recent health developments, including hospitalization after a June 14, 2026 fall that left him unconscious and led to mild pneumonia, prompted extended rehabilitation and a period of absence from votes. McConnell was discharged from rehab on August 6, 2026, and shifted to intensive physical therapy at home, with his office confirming ongoing engagement on Senate and Kentucky matters. Colleagues have reported direct contact, and updates from the attending physician’s office have noted steady improvement tied to his childhood polio effects on mobility. No resignation announcement, formal process, or credible reports of intent to leave early have emerged. These factors—explicit term-completion commitments, absence of procedural steps toward resignation, and recovery trajectory—align with historical patterns in which senators in final terms typically remain until the January swearing-in of successors, supporting the market’s pricing.