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Senate Votes to Restrain Trump on Venezuela as President Eyes Long-Term Oversight

MarketDash Editorial Team
2 days ago
The Senate voted to limit Trump's military authority in Venezuela, even as the president said US oversight could last years and be "very profitable." Maduro sits in US custody facing drug charges while millions flee the oil-rich nation.

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The Senate just threw a wrench into President Donald Trump's Venezuela plans, voting Thursday to restrict his ability to take further military action there. The twist? Trump's talking about American "oversight" of Venezuela lasting for years, regardless of what Congress thinks.

Congress Pushes Back

The Senate approved a War Powers resolution 52-47, with five Republicans breaking ranks to join Democrats. The measure would bar additional hostilities against Venezuela without explicit congressional sign-off. Sen. Tim Kaine (D-Va.) led the effort, with Republican Sen. Rand Paul (R-Ky.) providing key support.

The resolution now moves to a final Senate vote before heading to the Republican-controlled House, where it faces steep odds and an almost certain presidential veto if it somehow makes it through. Trump didn't hold back his frustration, blasting the Republican defectors: "Republicans should be ashamed of the Senators that just voted with Democrats in attempting to take away our Powers to fight and defend the United States of America."

A Long-Term, Profitable Vision

In a New York Times interview, Trump sketched out an extended American presence in Caracas. Washington could oversee Venezuela and its oil earnings "for years," he said. When pressed on timing, he answered, "Only time will tell … I would say much longer." Then came the kicker: "We will rebuild it in a very profitable way."

This follows the dramatic Jan. 3 special operations raid that captured Venezuelan President Nicolás Maduro and his wife, Cilia Flores. Maduro now sits in US custody facing federal narco-terrorism and cocaine-importation conspiracy charges. He's pleaded not guilty and maintains he's still Venezuela's legitimate leader.

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Weekly insights + SMS (optional)

What's at Stake

The numbers tell the story of why Venezuela matters. According to the U.S. Energy Information Administration, the country holds roughly 303 billion barrels of proven oil reserves, the world's largest stash at about 17% of global totals. But decades of mismanagement and sanctions have crushed production to barely 1% of world supply.

Meanwhile, the human cost keeps mounting. UN agencies report that more than 7.9 million Venezuelans have fled the country's economic meltdown and political chaos, making it one of history's largest displacement crises. After Maduro's capture, Venezuela's interim authorities released some journalists and activists in what they framed as a peace gesture. Rights groups note that hundreds of political prisoners remain locked up.

Senate Votes to Restrain Trump on Venezuela as President Eyes Long-Term Oversight

MarketDash Editorial Team
2 days ago
The Senate voted to limit Trump's military authority in Venezuela, even as the president said US oversight could last years and be "very profitable." Maduro sits in US custody facing drug charges while millions flee the oil-rich nation.

Get Market Alerts

Weekly insights + SMS alerts

The Senate just threw a wrench into President Donald Trump's Venezuela plans, voting Thursday to restrict his ability to take further military action there. The twist? Trump's talking about American "oversight" of Venezuela lasting for years, regardless of what Congress thinks.

Congress Pushes Back

The Senate approved a War Powers resolution 52-47, with five Republicans breaking ranks to join Democrats. The measure would bar additional hostilities against Venezuela without explicit congressional sign-off. Sen. Tim Kaine (D-Va.) led the effort, with Republican Sen. Rand Paul (R-Ky.) providing key support.

The resolution now moves to a final Senate vote before heading to the Republican-controlled House, where it faces steep odds and an almost certain presidential veto if it somehow makes it through. Trump didn't hold back his frustration, blasting the Republican defectors: "Republicans should be ashamed of the Senators that just voted with Democrats in attempting to take away our Powers to fight and defend the United States of America."

A Long-Term, Profitable Vision

In a New York Times interview, Trump sketched out an extended American presence in Caracas. Washington could oversee Venezuela and its oil earnings "for years," he said. When pressed on timing, he answered, "Only time will tell … I would say much longer." Then came the kicker: "We will rebuild it in a very profitable way."

This follows the dramatic Jan. 3 special operations raid that captured Venezuelan President Nicolás Maduro and his wife, Cilia Flores. Maduro now sits in US custody facing federal narco-terrorism and cocaine-importation conspiracy charges. He's pleaded not guilty and maintains he's still Venezuela's legitimate leader.

Get Market Alerts

Weekly insights + SMS (optional)

What's at Stake

The numbers tell the story of why Venezuela matters. According to the U.S. Energy Information Administration, the country holds roughly 303 billion barrels of proven oil reserves, the world's largest stash at about 17% of global totals. But decades of mismanagement and sanctions have crushed production to barely 1% of world supply.

Meanwhile, the human cost keeps mounting. UN agencies report that more than 7.9 million Venezuelans have fled the country's economic meltdown and political chaos, making it one of history's largest displacement crises. After Maduro's capture, Venezuela's interim authorities released some journalists and activists in what they framed as a peace gesture. Rights groups note that hundreds of political prisoners remain locked up.

    Senate Votes to Restrain Trump on Venezuela as President Eyes Long-Term Oversight - MarketDash News