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Machado Vows Return as Venezuela Faces Pivotal Political Moment

  A person holds up an image depicting Venezuelan opposition leader Maria Corina Machado, as people celebrate after the U.S. struck Venezuela and captured its President Nicolas Maduro and his wife Cilia Flores, in Santiago, Chile January 3, 2026. Venezuelan opposition figure María Corina Machado has declared that she plans to return to Venezuela soon, signaling her intention to push for a competitive national election amid a rapidly shifting political landscape. Her remarks follow the dramatic removal of Nicolás Maduro from power and the emergence of a transitional phase that has left the country’s political future uncertain. Machado, who spent more than a year in hiding and previously fled the country to accept an international peace award, emphasized that her movement is prepared to participate in a free and transparent electoral process . She argued that the opposition had already demonstrated its strength even under restrictive conditions and would win decisively in an open ...
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Canada to Unveil Budget Amid Fiscal Doubts

 

Canadian Finance Minister Chrystia Freeland is set to present the budget on Tuesday, but experts remain skeptical about the government’s fiscal targets. The recent surge in spending plans, particularly in housing, defense, and healthcare, has raised concerns about weakening government finances.

In last year’s Fall Economic Statement (FES), the government aimed to cap the fiscal 2023-24 budget deficit at C$40.1 billion ($29.12 billion), equivalent to about 1.4% of GDP. However, economists estimate that the deficit for the fiscal year ending March 31 could be around C$47 billion, primarily driven by government expenses.

Freeland acknowledges the need for investment in Canada’s current housing affordability crisis, exacerbated by a lack of supply and increased migration. The opposition Conservative Party has criticized the Liberal government for this situation, impacting Prime Minister Justin Trudeau’s popularity.

The upcoming budget, scheduled for presentation to parliament on Tuesday at 4:00 p.m. EDT (2000 GMT), will likely force the government to consider new taxes. However, raising taxes in an inflationary environment could hinder business investments necessary for improving Canada’s productivity.

Despite these challenges, Canada’s sovereign debt remains highly rated globally, providing some stability amidst fiscal uncertainties.

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