Venezuela’s Broken Oil Industry and Trump’s Plan to Rebuild It After Maduro’s Ouster

General view of the “El Palito” refinery building in Puerto Cabello, Venezuela, on Dec. 18, 2025. Jesus Vargas/Getty Images Venezuela holds the world’s largest proven oil reserves, yet its petroleum industry—once among the most productive on earth—has been reduced to a fraction of its former capacity after years of mismanagement, underinvestment, and international sanctions. The

Maduro and his wife arrive in New York to face narco-terrorism charges

Ousted Venezuelan President Nicolas Maduro and his wife arrived at Stewart Air National Guard Base, just north of New York City, on Saturday afternoon, hours after their capture during a daring U.S. military operation in Caracas. Maduro and his wife, Cilia Flores, were captured overnight from their home in Caracas. They were transported to the

Lower Prices for 10 Medicare Drugs Now in Effect: What to Know

Medicare beneficiaries will see discounts averaging 63 percent on 10 frequently prescribed medications starting this month due to the Medicare Drug Price Negotiation Program. The program, authorized by the Affordable Care Act in 2022, made it possible for Medicare to negotiate with pharmaceutical companies for the first time. We had a problem loading this article.

Venezuelan officials condemn Maduro’s capture, calling it a “kidnapping”

Hours after Venezuelan President Nicolás Maduro was captured by U.S. forces, the country’s vice president and other top regime figures condemned the military operation in stark terms and suggested they plan to push back on U.S. involvement in the country, posing a potential challenge to President Trump’s suggestion that the U.S. will “run” Venezuela.  Maduro

Trump Says US Will Run Venezuela in Interim: What We Know So Far

President Donald Trump shared his plans for Venezuela on Jan. 3 during a press conference at Mar-a-Lago in Florida, outlining what would happen next and who would lead the country after what he called an “extremely successful” U.S. military operation that removed Venezuelan leader Nicolás Maduro from power the night before. The country’s decades-long socialist

How the U.S. captured Venezuelan leader Nicolás Maduro

Washington — After months of preparation that included building a replica of Nicolás Maduro’s compound and studying his daily habits, U.S. forces arrived at the Venezuelan president’s residence in downtown Caracas just after 2 a.m. local time Saturday.  President Trump and Gen. Dan Caine, the chairman of the Joint Chiefs of Staff, detailed the stunning