Category: United States Politics and Government

Oil Firms Say Venezuela Owes Them Billions, Complicating Trump’s Plan

Companies like Exxon Mobil and ConocoPhillips say that Venezuela owes them billions of dollars for confiscating their assets two decades ago.
U.S. to Control Venezuela Oil Sales ‘Indefinitely,’ Energy Secretary Says

Chris Wright said the Trump administration was in “active dialogue” with Venezuela’s government about the plan.
Fed’s Independence Faces Critical Tests as Trump Seeks to Remake Institution

The central bank faces two major hurdles early on in 2026 that will determine the extent to which it operates free of political meddling.
Optimism About Nuclear Energy Is Rising Again. Will It Last?

Companies like Kairos Energy are building new types of reactors with the encouragement of the Trump administration, but their success is far from assured.
Hilton ‘Maliciously Canceled’ Immigration Agents’ Reservations, DHS Says

As the U.S. ramps up deportation efforts in Minnesota, the Department of Homeland Security claimed on social media that a Hampton Inn had canceled agents’ bookings.
Chevron’s Risky Bet to Stay in Venezuela May Now Give It an Advantage

The second-largest U.S. oil company, which kept pumping oil in the country after others left, could find it relatively easy to expand its operations if the political conditions there improve.
New Car Sales Are Rising Thanks to Purchases by the Well-Off

A larger proportion of new cars are being bought by affluent Americans as prices and interest rates for auto loans climb, analysts said.
Supreme Court Increasingly Favors the Rich, Economists Say

A new study found that the court’s Republican appointees voted for the wealthier side in cases 70 percent of the time in 2022, up from 45 percent in 1953.
Trump’s Goals for Reviving Venezuela’s Oil Industry Will Not Come Easily or Cheaply

It will take years and billions in investment to revitalize Venezuela’s oil industry, and energy producers will likely be cautious before stepping in.
Behind the Scenes of Our Nicolás Maduro Front Page

After President Trump’s surprise ouster of Venezuela’s authoritarian leader, a team of New York Times editors set to work redoing the front page.
Airlines Are Canceling Flights After U.S. Closes Airspace Over the Caribbean

The Federal Aviation Administration cited “safety-of-flight risks” in restricting the U.S.-controlled airspace as a result of the military operation in Venezuela.
The Venezuelan Oil Industry Trump Is Planning to Revive

Venezuela claims to have more than 300 billion barrels in the ground, but it is only producing about one million barrels a day.