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WSJ Opinion: Potomac Watch

What's Next for Venezuela After the U.S. Seizes Maduro?

WSJ Opinion: Potomac Watch

The Wall Street Journal

Society & Culture, News

42.7K Ratings

🗓️ 5 January 2026

⏱️ 28 minutes

🧾️ Download transcript

Summary

Donald Trump says the U.S. is now "in charge” in Caracas as ousted president Nicolás Maduro appears in federal court in New York. But the dictator's henchmen remain in power for now. Will they bow to Mr. Trump's wishes or leave the country? Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:23.3

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0:27.7

U.K. slash Spotify.

0:32.5

From the opinion pages of the Wall Street Journal, this is Potomac Watch.

0:38.5

President Trump orders a stunning military operation to capture Venezuelan President

0:43.6

Nicholas Maduro inside his fortress in Caracas, and it works without an American

0:49.5

casualty. Remarkable military exercise. Maduro is now in a New York jail where he will be

0:56.1

arraigned and put on trial. What comes next for Venezuela? And can the U.S. negotiate a

1:02.6

transition of power from the Maduro dictatorship, still run by Maduro's successors in Caracas,

1:10.5

to a democracy that is much more favorable to

1:14.4

American interests. That's our subject for today on Potomac Watch, the daily podcast of the Wall

1:20.1

Street Journal opinion pages. I'm Paul Gigot, and I am here today with my colleague Mary Anastasia

1:26.6

O'Grady, who is our longtime columnist on Latin America's

1:30.6

covered Venezuela going back some 30 years now, Mary.

1:34.9

Certainly, you covered it from the beginning of the Chevista revolution in the early 2000s.

1:40.9

Let's listen first to Donald Trump talk about who's going to be running Venezuela now.

1:45.8

We're dealing with the people that just got sworn in. And don't ask me, who's in charge,

1:52.4

because I'll give you an answer and it'll be very controversial. What does that mean?

1:56.0

We're in charge. Well, okay, Mary, no hemming and hawing there about who's going to be running it. Trump says we're going to be running it. That's what he also said Saturday. But Marco Rubio on Sunday said, actually, we're not going to be running it. We'll be influencing them. And he said, we are going to maintain our oil embargo on Venezuelan exports, and that will be enough to squeeze

2:20.5

Maduro's successors, including his immediate successor, Vice President Delci Rodriguez,

2:27.2

who's now in charge, now the new interim president, I guess, to bend her to American will.

2:33.7

How do you see things evolving, Mary? Well, you know, I think

...

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