Gov. Tim Walz is set to address Minnesota for the first time since announcing he will not seek reelection in 2026 after all. Walz is scheduled to speak from the Minnesota State Capitol at 11 a.m. Monday, several hours after he revealed that he's dropping out of the gubernatorial race.

"I came to the conclusion that I can’t give a political campaign my all," the two-term governor said in a statement.

Minnesota Gov. Tim Walz says he is dropping his reelection campaign amid increased criticism over his handling of fraud in the state.

In a lengthy statement released on Monday, Walz expressed concerns about fraud and political challenges in Minnesota. He criticized President Donald Trump and allies for their actions, saying they aim to divide the state and misuse funds meant for families.

Also not available for an interview Monday was Walz. At 11 this morning at the State Capitol, Walz read verbatim the remarks he made public three hours earlier — he was dropping out of the governor’s race because of the mushrooming Medicaid fraud scandal.

Gov. Tim Walz announced on Monday he is dropping his bid for a third term as he faces pressure over his handling of the state's fraud cases. Here is a look back at Gov. Walz's time in office in Minnesota.

But as I reflected on this moment with my family and my team over the holidays, I came to the conclusion that I can’t give a political campaign my all,” Walz said.

Minn., abruptly ended his press conference on Monday after announcing that he would not be running for a third term, without taking questions.