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Riot police confront demonstrators during clashes in Quito. Photo: Rafael Rodriguez/NurPhoto via Getty Images

Ecuadorean President Lenin Moreno on Monday said he temporarily moved government operations from the capital Quito to the port city of Guayaquil amid protests against his termination of a fuel subsidy, the Wall Street Journal reports.

Why it matters: Only 2 Ecuadorian presidents have completed a full 4-year term over the past 27 years, but no previous president in recent Ecuadorian history has moved the government to avoid unrest, per WSJ. Moreno called a state of emergency on Oct. 4.

Context: Moreno took office in 2017 pledging to maintain his leftist processor's social policies. However, last week he announced that his administration would end a 4-decade-old, $1.4 billion-a-year fuel subsidy which he said was holding down fuel prices and enabling smuggling and corruption.

  • His announcement triggered strikes by transport unions. Indigenous groups later joined in and have blocked roads and highways.
  • The government said on Monday that it was suspending production in 3 oil fields in the Amazon region after protesters seized the facilities. The seizures affected 12% of the country's oil production.
  • So far, at least 500 people have been arrested as the protest enters its 4th day.

What's next: Thousands have traveled to Quito for a large protest planned for Wednesday, according to the BBC.

Go deeper

Acting Capitol Police chief: Phone logs show Jan. 6 National Guard approval was delayed

Pittman at a congressional tribute for fallen officer Brian Sicknick. Photo: Erin Schaff-Pool/Getty Images

Acting U.S. Capitol Police Chief Yogananda Pittman testified on Thursday that cell phone records show former USCP Chief Steven Sund requested National Guard support from the House sergeant at arms as early as 12:58 p.m. on Jan. 6, but did not receive approval until over an hour later.

Why it matters: Sund and former House Sergeant at Arms Paul Irving clashed at a Senate hearing on Tuesday over a dispute in the timeline for when Capitol Police requested the National Guard during the Capitol insurrection.

Manhattan prosecutors reportedly obtain millions of pages of Trump's tax records

Photo: Al Drago/Bloomberg via Getty Images

The Manhattan district attorney is now in possession of millions of pages of former President Trump's tax and financial records, CNN first reported, following a Supreme Court ruling that allowed prosecutors to enforce a subpoena after a lengthy legal battle.

Why it matters: Trump fought for years to keep his tax returns out of the public eye and away from prosecutors in New York, who are examining his business in a criminal investigation that was first sparked by hush-money payments made by Trump's former fixer Michael Cohen during the 2016 election.

Dion Rabouin, author of Markets
3 hours ago - Economy & Business

The digital dollar is now high priority for the Fed

Illustration: Aïda Amer/Axios

The U.S. is starting to get serious about a central-bank-backed digital currency, with recent comments from top officials laying out the strongest support yet.

Driving the news: On Tuesday Fed chair Jerome Powell told Congress that developing a digital dollar is a "high priority project for us," but added that there are "significant technical and policy questions."