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Pawlenty to announce bid for Minnesota governor

Former Minnesota Gov. Tim Pawlenty is expected to announce on Thursday that he will make another run for the governor's mansion, a source familiar with the plans confirmed to The Hill. 

Pawlenty, a Republican, will make the announcement Thursday afternoon in a video, the source said. CNBC first reported Pawlenty's planned announcement. 

Pawlenty already served two terms in the Minnesota governor's mansion. Democrat Mark Dayton has held the office for the past seven years and has said that he will not seek another term.

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Pawlenty briefly vied for the 2012 GOP presidential nomination and eventually joined former Massachusetts Gov. Mitt RomneyWillard (Mitt) Mitt RomneyPoll: Support growing for Utah's Medicaid expansion ballot measure Arizona Dems hope higher Latino turnout will help turn the state blue Trump changes tone on Saudi Arabia amid mounting pressure MORE's presidential campaign as co-chairman. 

He eventually became the CEO of the trade group Financial Services Roundtable in 2012. Pawlenty announced in February that he would step down from that role, fueling speculation that he could seek another term as Minnesota's governor.

Pawlenty's political future has long been the subject of speculation. He was floated as a potential candidate for the Senate seat vacated by Al FrankenAlan (Al) Stuart FrankenGOP lawmaker once belittled sexual harassment: 'How traumatizing was it?' Meet the man poised to battle Dems from the White House Minnesota GOP Senate candidate compared Michelle Obama to a chimp in Facebook post MORE (D) last year, but ruled out a run in January

"I am very interested in public service and service for the common good. There are a lot of ways to do that," he said in an interview with Fox Business Network. "I’ll tell you today that running for the United States Senate in 2018 won’t be part of those plans."

Ben Kamisar contributed to this report.