Venezuela is close to default, with high debt load and plunging oil revenues. Bloomberg has named it as the world's most miserable economy. food staples and medicine are in short supply.
Venezuelan voters are returning to polling booths, this time to select mayors in all of the South American state’s 335 municipalities. It is the last national election ahead of next year's presidential race.
President Nicolas Maduro said three parties which boycotted mayoral elections should be ineligible for future votes. He said the ruling party won at least 90 percent of the 335 mayorships.
Venezuela has arrested a former minister and ex-chief of the state oil company on corruption and sabotage charges. But opposition lawmakers have warned the arrests form part of the president's plans to consolidate power.
Venezuela's opposition has said it won't be bullied out of participating in future elections, a day after threats by President Nicolas Maduro. The US said it stands with Venezuelans as they "seek to restore democracy."
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