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Venezuela's President, Nicolas Maduro, speaks to his followers in Caracas. Federico Parra/AFP/Getty Images

Venezuela's President Nicolas Maduro was re-elected yesterday with almost 70% of the votes. According to official numbers turnout was 46.1%, way down from the 80% registered at the last presidential vote in 2013, due to a boycott by the opposition.

Why it matters: The U.S. and most Latin American countries said that they won't recognize the results, denouncing a fraud and because main opposition leaders weren't allowed to run. Venezuela, despite huge oil reserves, is facing a deep economic crisis, and massive emigration wave.

By the numbers, as recapped by Axios' Shane Savitsky, citing mind-boggling stats published last year for Project Syndicate:

  • "Venezuela's GDP contracted by 40% in per capita terms from 2013 to 2017 — and that's based off estimates as Maduro stopped reporting economic data in 2015. A recent filing with the SEC by the Venezuelan government indicated that its economy had contracted by 16.5% in 2016 alone."
  • "To make things worse, the decline in Venezuela's oil production and decreased global demand of Venezuela's chief export — which greatly subsidizes its socialist regime — resulted in a 51% drop in national income from 2013 to 2017."
  • "The minimum wage declined by 88% from 2012 to 2017 when compared against the black market exchange rate."
  • "Venezuelans making that minimum wage cannot afford to feed a family of five, even when their entire income is devoted to purchasing the cheapest available calories."
  • "Income poverty jumped to 82% in 2016 — a shocking increase from 48% in 2014."

Go deeper: Venezuela's economic collapse, by the numbers

Go deeper

42 mins ago - Politics & Policy

Trump to issue at least 100 pardons and commutations before leaving office

Photo: Mandel Ngan/AFP via Getty Images

President Trump plans to issue at least 100 pardons and commutations on his final full day in office Tuesday, sources familiar with the matter told Axios.

Why it matters: This is a continuation of the president's controversial December pardon spree that saw full pardons granted to more than two dozen people — including former Trump campaign chair Paul Manafort, longtime associate Roger Stone and Charles Kushner, the father of Trump's senior adviser and son-in-law Jared Kushner.

  • Those set to be pardoned before Trump exits the White House will be a mix of criminal justice and people connected to the president, the sources said.
  • CNN first reported this news.

Go deeper: Convicts turn to D.C. fixers for Trump pardons

Schumer's m(aj)ority checklist

Senate Minority Leader Chuck Schumer. Photo: Tasos Katopodis/Getty Images

Capitalizing on the Georgia runoffs, achieving a 50-50 Senate and launching an impeachment trial are weighty to-dos for getting Joe Biden's administration up and running on Day One.

What to watch: A blend of ceremonies, hearings and legal timelines will come into play on Tuesday and Wednesday so Chuck Schumer can actually claim the Senate majority and propel the new president's agenda.

The dark new reality in Congress

National Guard troops keep watch at security fencing. Photo: Kent Nishimura/Los Angeles Times via Getty Images

This is how bad things are for elected officials and others working in a post-insurrection Congress:

  • Rep. Norma Torres (D-Calif.) said she had a panic attack while grocery shopping back home.
  • Rep. Jim McGovern (D-Mass.) said police may also have to be at his constituent meetings.
  • Rep. Adam Kinzinger (R-Ill.) told a podcaster he brought a gun to his office on Capitol Hill on Jan. 6 because he anticipated trouble with the proceedings that day.

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