Bloomberg News Now January 9, 2026: Trump’s Venezuela Oil Plan, Judge Rules on Child Care Subsidies, More
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Jan 10, 2026 Kate Sullivan, a Bloomberg reporter with expertise in Washington politics and energy, shares insights on President Trump's meeting with oil executives to discuss Venezuela's oil potential. She highlights how the White House is framing this strategy as an affordability initiative ahead of the midterms. Sullivan also touches on reports of Venezuelan oil shipments and an anticipated ramp-up in investments from Chevron, emphasizing the administration's focus on security without deploying U.S. troops.
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Venezuela Oil Push Aimed At Lowering U.S. Prices
- The Trump administration is pitching Venezuelan oil access as a way to lower U.S. energy costs and boost affordability ahead of midterms.
- Officials expect rapid investments, with claims of possible $100 billion over 10 years and immediate ramp-ups by companies like Chevron.
Security Without U.S. Troops, Officials Say
- Officials insist U.S. troops are not part of the Venezuela oil security plan and say military options are not planned.
- The plan focuses on using the military power that already controls the oil blockade to secure orderly operations and stop adversaries.
Court Blocks Freeze On Child Care Grants
- A federal judge blocked the administration from freezing federal child care and related grant funds to five Democratic-led states for now.
- The states argued the freeze caused immediate operational chaos and lacked a legal basis.