Trump says 'it's too bad' he can't run for a third term

GYEONGJU, South Korea (AP) — President Donald Trump said Wednesday that “it’s too bad” he’s not allowed to run for a third term, conceding the constitutional reality even as he expressed interest in continuing to serve.

"If you read it, it’s pretty clear," Trump told reporters aboard Air Force One enroute from Japan to South Korea. “I’m not allowed to run. It’s too bad.”

The president's comments, which continue his on-again, off-again musings about a third term, came a day after House Speaker Mike Johnson said it would be impossible for Trump to stay in the White House.

“I don't see the path for that," he told reporters at the U.S. Capitol on Tuesday.

Johnson, the Republican leader who has built his career by drawing closer to Trump, said he discussed the issue with the president, and he thinks Trump understands the situation.

“He and I have talked about the constrictions of the Constitution," he said.

The speaker described how the Constitution's 22nd Amendment does not allow for a third presidential term and changing that, with a new amendment, would be a cumbersome, decade-long process winning over states and votes in Congress.

“But I can tell you that we are not going to take our foot off the gas pedal,” he said. “We’re going to deliver for the American people, and we’ve got a great run ahead of us — he'll have four strong years.”

Trump stopped short of characterizing his conversation with Johnson, and his description of the prohibition on third terms was somewhat less definitive.

“Based on what I read, I guess I’m not allowed to run," he said Wednesday. "So we’ll see what happens.”

Trump has repeatedly raised the idea of trying to stay in power. Hats saying “Trump 2028” are passed out as souvenir keepsakes to lawmakers and others visiting the White House, and Trump's former 2016 campaign chief-turned-podcaster Stephen Bannon has revived the idea of a third Trump term.

Trump told reporters Monday on Air Force One on his trip to Japan that “I would love to do it.”

He went on to say that his Republican Party has great options for the next presidential election — in Secretary of State Marco Rubio, who was traveling with him, and Vice President JD Vance, who visited with senators at the Capitol on Tuesday.

“All I can tell you is that we have a great group of people,” Trump said.

Pressed if he was ruling out a third-term bid, Trump demurred. Asked about a strategy where he could run as vice president, which could be allowed under the laws, and then work himself in the presidency, he dismissed the idea as “too cute.”

“You'd be allowed to do that, but I wouldn’t do that,” he said.

The chit chat comes as Trump, in his words and actions, is showing just how far he can push the presidency — and daring anyone to stop him.

He is sending National Guard troops to cities over the objections of several state governors; accepting untold millions in private donations to pay the military and fund the new White House ballroom, picking winners and losers in the government shutdown.

Johnson, the Louisiana Republican who rose swiftly to become House speaker with Trump's blessing, dismissed worries about a potential third term by the president's critics whose “hair is on fire."

“He has a good time with that, trolling the Democrats," Johnson said.

President Donald Trump speaks to business leaders at a dinner event in Tokyo, Japan, Tuesday, Oct. 28, 2025. (AP Photo/Mark Schiefelbein)

Speaker of the House Mike Johnson, R-La., talks to reporters outside his office on day 28 of the government shutdown, at the Capitol in Washington, Tuesday, Oct. 28, 2025. (AP Photo/J. Scott Applewhite)

U.S. President Donald Trump walks towards Air Force One at Haneda Airport in Tokyo for his departure to South Korea, Wednesday, Oct. 29, 2025. (Kim Kyung-Hoon/Pool Photo via AP)

U.S. President Donald Trump walks towards Air Force One at Haneda Airport in Tokyo for his departure to South Korea, Wednesday, Oct. 29, 2025. (Kim Kyung-Hoon/Pool Photo via AP)

NEW YORK (AP) — It's only two weeks into the new year, and President Donald Trump has already claimed control of Venezuela, escalated threats to seize Greenland and flooded American streets with masked immigration agents.

And that's not even counting an unprecedented criminal investigation at the Federal Reserve, a cornerstone of the national economy that Trump wants to bend to his will.

Even for a president who thrives on chaos, Trump is generating a stunning level of turmoil as voters prepare to deliver their verdict on his leadership in the upcoming midterm elections that will determine control of Congress.

Each decision carries tremendous risks, from the possibility of an overseas quagmire to undermining the country's financial system, but Trump has barreled forward with a ferocity that has rattled even some of his Republican allies.

“The presidency has gone rogue,” said historian Joanne B. Freeman, a Yale University professor. She said it's something "we haven’t seen in this way before.”

Trump seems undeterred by the potential blowback. Although he doesn't always follow through, he seems intent on doubling and tripling down whenever possible.

“Right now I’m feeling pretty good," Trump said Tuesday in Detroit. His speech was ostensibly arranged to refocus attention on the economy, which the president claimed is surging despite lingering concerns about higher prices.

However, he couldn't resist lashing out at Jerome Powell, who leads the Federal Reserve and has resisted Trump's pressure to lower interest rates.

"That jerk will be gone soon,” Trump said.

Republican leaders have overwhelmingly rallied behind Trump throughout his turbulent second term. But new cracks began to appear this week immediately after Powell disclosed on Sunday that the Federal Reserve was facing a criminal investigation over his testimony about the central bank's building renovations.

Over the last year, the Justice Department has already pursued criminal charges against former FBI Director James Comey, New York Attorney General Letitia James and former national security adviser John Bolton, among other Trump adversaries.

But going after Powell, who helps set the nation's monetary policy, appeared to be a step too far for some conservatives. Fox Business host Maria Bartiromo, a fierce Trump defender, was unusually critical.

“It just feels like most on Wall Street do not want to see this kind of fight,” she said during her Monday show. “The president has very good points, certainly. But Wall Street doesn’t want to see this kind of investigation.”

The Federal Reserve plays a key role in the economy by calibrating interest rates, which Trump insists should be lower. However, reducing the institution's independence could backfire and cause borrowing costs to increase instead.

At the same time, Trump has decided to expand the United States' role in complicated foreign entanglements — a seeming departure from the “America First” foreign policy that he promised on the campaign trail.

No move was more significant than the U.S. military operation earlier this month to remove Venezuelan President Nicolás Maduro and his wife from his country. In the months leading up to the attack, Trump frequently insisted he was targeting Maduro because of his role in the drug trade. He has quickly pivoted to portraying the move as an economic opportunity for the U.S.

Trump has said the U.S. will start controlling the sale of some Venezuelan oil, and he declared that the South American nation will be run from Washington. He even posted a meme declaring himself the “acting president of Venezuela.”

Trump has also threatened the leadership of Cuba and Iran, while insisting that the U.S. will control Greenland “ one way or the other ” — a position that has raised questions about U.S. relations with European allies. Greenland belongs to Denmark, a NATO member.

“NATO becomes far more formidable and effective with Greenland in the hands of the UNITED STATES,” Trump wrote on social media on Wednesday morning. “Anything less than that is unacceptable.”

Meanwhile, Trump's immigration crackdown continues to spark confrontations in American cities. Some have turned deadly, such as when a federal agent shot Renee Good, a 37-year-old mother of three in Minneapolis.

Administration officials have said the U.S. Immigration and Customs Enforcement officer acted in self-defense, accusing Good of trying to hit him with her car. But that explanation has been widely disputed by local officials and others based on videos circulating online.

The incident came after Trump dispatched 2,000 immigration agents to Minnesota, responding to reports of fraud involving the state's Somali community.

On Tuesday, Trump said the administration was targeting “thousands of already convicted murderers, drug dealers and addicts, rapists, violent released and escaped prisoners, dangerous people from foreign mental institutions and insane asylums, and other deadly criminals too dangerous to even mention.”

The Trump administration's moves have created “chaos, confusion and uncertainty,” said Cleveland Mayor Justin Bibb, who leads the Democratic Mayors Association.

“There’s so much uncertainty across my city right now. The ICE raids in Minneapolis have really shocked the consciousness of many of my residents, and we’re trying to do everything we can to calm that concerns and quell those fears," Bibb said. “But people don’t feel like the world is getting better. People don’t feel like the economy is getting better.”

Voters across the nation will have their next chance to weigh in on Trump's leadership at the ballot box this November, when Republicans hope to retain control of Congress for the last two years of his presidency.

Democratic campaign officials in Washington are focused largely on the economy in their early political messaging. Most voters maintain a decidedly negative view on the issue, despite Trump's rosy assessment this week.

Just 37% of U.S. adults approved of how the president is handling the economy, according to a January poll from The Associated Press-NORC Center for Public Affairs Research. His economic approval, which was previously a strength, has been low throughout his second term.

“Donald Trump’s visit to Michigan puts a glaring, unflattering spotlight on how he and House Republicans have failed to address the affordability crisis," said Rep. Suzan DelBene, who leads the Democrats' House campaign arm.

But some activists are frustrated that their party's leadership isn't focusing more on Trump's unprecedented power grabs.

Ezra Levin, co-founder of the leading progressive protest group Indivisible, said he expects Trump's actions to get worse as his second and final term nears its conclusion.

“Folks at the end of last year who thought he would become a typical lame duck and limp toward a midterm loss have a framework for understanding this moment that is drastically outdated,” Levin said. “Authoritarians don’t willingly give up power. When weakened and cornered they lash out.”

Trump has repeatedly insisted he's only doing what voters elected him to do, and his allies in Washington remain overwhelmingly united behind him.

Republican National Committee spokesperson Kiersten Pels predicted that voters will reward the party this year.

“Voters elected President Trump to put American lives first — and that’s exactly what he’s doing," she said. "President Trump is making our country safer, and the American people will remember it in November.”

President Donald Trump speaks with reporters at Joint Base Andrews, Tuesday, Jan. 13, 2026, in Joint Base Andrews, Md. (AP Photo/Evan Vucci)