The Daily Aus What is happening in Venezuela?
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Jan 5, 2026 Venezuelan President Nicolas Maduro finds himself in a New York detention center after a dramatic U.S. raid on Caracas. The hosts explore the intense events leading to his capture and the U.S.'s controversial plan to 'run the country.' They discuss the complexities of Maduro's leadership, including the upcoming disputed election and past political repression. The economic implications of Venezuela's vast oil reserves are examined, along with global reactions to the crisis and what's next for the embattled nation.
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US Strike Captured Maduro
- The US carried out a large-scale strike on Venezuela involving 150 aircraft that lasted over two hours.
- Nicolas Maduro and his wife were captured and flown to New York for federal charges including narco-terrorism conspiracy.
Maduro's Years Of Economic Collapse
- Maduro has overseen massive economic collapse and political repression since taking office in 2013.
- Between 2012 and 2020 Venezuela's economy shrank 71% and over 7.7 million people fled the country.
Interim Leadership Unclear
- Vice President Delcy Rodriguez has been sworn in as interim president and called for Maduro's release.
- It's unclear if this is a genuine transfer of power or a short-term measure amid uncertainty.