Venezuela

Global Politics

US support for Colombia

President Bush called Colombia's president to express US support for the South American nation. Colombia sparked a regional crisis with a military operation inside Ecuador that killed a Colombian rebel leader

Global Politics

Venezuela's municipal elections

Venezuela held gubernatorial and mayoral elections over the weekend. The parties allied with President Hugo Chavez won a majority of the contests but the opposition also posted some gains. The BBC's Will Grant reports from Caracas.

Business, Finance & Economics

The decline in oil prices will put the squeeze on Iran and Russia — and give a jolt to American consumers

The price of a barrel of oil has fallen to its lowest level in more than half a decade — and it's still falling. That's put a major dent in the economies of some of the world's largest oil producers, like Iran and Russia. But in the US, it's cause for celebration, as falling oil prices are translating into plummeting prices at the pump.