Venezuela Frees US Citizen, Trump Threat to Sanctuary Cities, More
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News when you want it. With Bloomberg News Now, I'm Doug Krisner. The government of Venezuela has started to release prisoners with U.S. citizenship. We are told at least one U.S. citizen has already left the country. This is the first known release of a U.S. citizen since authorities in Caracas began freeing detainees, and it's part of an effort to meet Washington's demands following the capture of Nicolas Maduro. President Trump says he's cutting off federal funding to sanctuary cities at the end of the month. His administration has given 90-day notices to states like California that bill the federal government. Here is Trump.
Starting February 1st, we're not making any payments to sanctuary cities or states having sanctuary cities because they do everything possible to protect criminals at the expense of American citizens. And it breeds fraud and crime and all of the other problems that come. So we're not making any payment to anybody that supports sanctuary cities.
We go to Minnesota next, where six federal prosecutors have resigned over how the Justice Department is handling the investigation of the fatal shooting of Renee Good. Now, this will include two top investigators of the scandal involving alleged public benefits fraud in Minnesota. At the same time today, the Department of Justice said there is no basis for a criminal civil rights investigation into the shooting death of Good by an immigration agent. Now, an FBI probe of Good's death is ongoing. As President Trump attempts to address problems of affordability, he attacked the way banks make money from credit cards. And Trump recently demanded that credit card lenders cap interest rates at 10 percent for a year.
Today, Trump called on lawmakers to support legislation known as the Credit Card Competition Act. We are told banks are privately fuming over Trump's plans. Meantime, JPMorgan Chase CEO Jamie Dimon said the Department of Justice's attacks on the Fed have the potential to undermine the independence of the central bank and increase interest rates although at the same time today president trump did not back down yeah i think it's fine what i'm doing we have a bad fed person he was extended by biden and
Yeah, I think he's wrong. I think it's wrong. He's done a bad job. We should have lower rates. Jamie Dimon probably wants higher rates. Maybe he makes more money that way.
President Trump said he would move ahead with plans to announce a replacement for Powell in the near future. Greenland's prime minister has ruled out joining the U.S., and he said the Arctic territories prefer to be in union with Denmark. Prime Minister Jens Friedrich Nielsen said right now is the time to stand together. And he added Greenland stands with the Kingdom of Denmark and is united in protecting fundamental principles.
What recent developments occurred in Venezuela regarding US citizens?
We heard today from Democratic Senator Chris Coons. He is leading a bipartisan congressional delegation to Copenhagen on Friday.
One of our most trusted and loyal allies in NATO saying that the future of this alliance that has kept us safe and secure and prosperous for 80 years, that is a staggering prospect. So this bipartisan and bicameral delegation is going to present ourselves in Denmark and Copenhagen to say we appreciate you.
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