Tim Pawlenty, former two-term Republican governor of Minnesota and CEO of the Financial Services Roundtable, is reportedly considering running for Sen. Al Franken's seat next November, after the embattled incumbent resigns in the wake of sexual misconduct allegations.

Speaking to the Chamber of Commerce in St. Paul today, Pawlenty suggested Franken's impending resignation has opened up the possibility of a bid for the open seat in 2018, according to reporting by the Associated Press.

Pawlenty's 2006 election was the last time a Republican has won a statewide election in Minnesota.

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Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.