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Trump Predicts US Will Run Venezuela For At Least A Year: ‘I Would Say Much Longer’

Matzav -

President Trump said Wednesday that Washington expects to maintain a governing role in Venezuela well beyond the immediate aftermath of the Jan. 3 operation that led to the arrest of Venezuelan leader Nicolás Maduro on U.S. drug and weapons charges.

In a wide-ranging interview, Trump outlined an economic vision centered on Venezuela’s energy sector. “We will rebuild it in a very profitable way,” he said. “We’re going to be using oil, and we’re going to be taking oil. We’re getting oil prices down, and we’re going to be giving money to Venezuela, which they desperately need.”

Pressed on how long the United States would retain influence over Venezuela’s internal affairs, the president initially demurred, saying “only time will tell.” When reporters floated timelines of up to a year, Trump responded candidly: “I would say much longer.”

The president offered no timetable for elections in Venezuela, even as he indicated support for Vice President Delcy Rodríguez to lead the Caracas government following Maduro’s arrest, rather than backing opposition figure María Corina Machado.

Secretary of State Marco Rubio has argued that elections should come only at the conclusion of a broader transition away from what he has described as a quarter-century of left-wing authoritarian rule that drained Venezuela’s economy and institutions.

Trump said Wednesday that he has not personally spoken with Rodríguez since the arrest, but emphasized that communication channels are open. “Marco speaks to her all the time,” he said. “I will tell you that we are in constant communication with her and the administration,” adding that the current leadership is “giving us everything that we feel is necessary.”

“They’re treating us with great respect,” Trump continued. “As you know, we’re getting along very well with the administration that is there right now.”

Earlier in the day, Energy Secretary Chris Wright said the United States would take open-ended control of Venezuelan crude oil sales. “Instead of the oil being blockaded, as it is right now, we’re gonna let the oil flow … to United States refineries and around the world to bring better oil supplies, but have those sales done by the US government,” Wright said.

The president had said the previous day that Venezuelan authorities would transfer between 30 million and 50 million barrels of sanctioned oil to the United States, and that he instructed Wright to oversee the process.

Trump said the oil would be shipped to the U.S., sold at prevailing market prices, and managed under American authority, with proceeds intended to serve what he described as the interests of both nations.

In a separate interview with NBC News earlier in the week, Trump suggested that restoring Venezuelan oil production could take up to 18 months, while expressing optimism it could be accomplished sooner. “I think we can do it in less time than that, but it’ll be a lot of money,” he said.

“A tremendous amount of money will have to be spent, and the oil companies will spend it, and then they’ll get reimbursed by us or through revenue,” the president added.

Trump is expected to sit down with executives from Chevron, Exxon Mobil, and ConocoPhillips to discuss possible investments, though industry analysts have warned that the cost and complexity of rebuilding Venezuela’s long-neglected oil infrastructure could make the administration’s plans difficult to execute.

{Matzav.com}

The Legacy of R’Mendy Rosenberg Z”L

Yeshiva World News -

Why This Raffle? R’ Mendy Rosenberg z”l was a devoted Hatzolah member who saved lives and helped thousands. After being diagnosed with ALS, he endured years of suffering — yet still completed the entire Shas, inspiring Klal Yisrael with his strength and faith. He left behind his wife and five children. Mendy’s Legacy Fund helps […]

Trump Proposes Massive Increase in 2027 Defense Spending to $1.5T: ‘Dangerous Times’

Matzav -

President Donald Trump on Wednesday put forward a proposal to raise U.S. military spending to $1.5 trillion in 2027, arguing that the country is facing what he described as “troubled and dangerous times.”

The proposal comes just days after Trump ordered a U.S. military operation to capture Venezuelan leader Nicolás Maduro and remove him from the country to face drug trafficking charges in the United States. At the same time, American military forces continue to build up their presence in the Caribbean Sea.

Under current plans, the U.S. defense budget for 2026 stands at $901 billion.

Beyond Venezuela, Trump has recently floated a number of other aggressive national security ideas, including taking control of Greenland, a Danish territory, citing strategic concerns. He has also indicated a willingness to consider military action in Colombia, while Secretary of State Marco Rubio has warned that longtime adversary Cuba “is in trouble.”

Announcing the proposal on Truth Social, Trump said, “This will allow us to build the ‘Dream Military’ that we have long been entitled to and, more importantly, that will keep us SAFE and SECURE, regardless of foe.”

The Pentagon already received a substantial boost last year, with roughly $175 billion allocated through the GOP’s “big, beautiful bill” of tax cuts and spending reductions that Trump signed into law.

Despite that increase, Trump’s call for even more defense funding is expected to face opposition on multiple fronts. Democrats have traditionally pushed to keep defense and non-defense spending increases in balance, while fiscal conservatives within the Republican Party have warned against further swelling the federal deficit.

Trump has countered those concerns by pointing to increased federal revenue generated by tariffs imposed by his administration on allies and adversaries alike since his return to office. He has argued that these tariffs give the government the financial flexibility to fund higher military spending.

However, while tariff revenue has risen sharply, it still falls far short of covering Trump’s wide-ranging pledges, which include paying down the national debt, issuing dividends to taxpayers, and now funding a major expansion of the military budget.

Separately on Wednesday, Trump also issued a warning to Raytheon, one of the nation’s largest defense contractors, saying the company could lose Pentagon business if it does not stop buying back its own stock and instead reinvest profits into expanding weapons production.

Trump has repeatedly complained in recent months that defense contractors have failed to deliver critical weapons on time while continuing to reward investors through dividends and stock buybacks and paying hefty compensation packages to top executives.

“Either Raytheon steps up, and starts investing in more upfront Investment like Plants and Equipment, or they will no longer be doing business with Department of War,” Trump wrote on social media. “Also, if Raytheon wants further business with the United States Government, under no circumstances will they be allowed to do any additional Stock Buybacks, where they have spent Tens of Billions of Dollars, until they are able to get their act together.”

Raytheon manufactures several of the U.S. military’s most prominent missile systems, including the Tomahawk cruise missile, the Javelin and Stinger shoulder-fired missiles, and the Sidewinder air-to-air missile.

{Matzav.com}

VP Vance: U.S. Operation in Venezuela Secures Resources, Leverage, and Shows Military Strength

Yeshiva World News -

VP Vance explains how the operation in Venezuela helps America through controlling their vast natural resources, gaining leverage on enemies, and demonstrating our military excellence: “What President Trump said was in our neighborhood, the United States calls the shots. That’s the way it’s always been — that’s the way it is again under the President’s […]

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