Venezuela Frees US Citizens, Trump Sanctuary Cities Plan, More
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News when you want it. With Bloomberg News Now, I'm Doug Krisner. The government of Venezuela has begun to release prisoners with U.S. citizenship. The State Department says that it's an important step in the right direction by the interim authorities in Venezuela, and it's also part of the effort to meet Washington's demands following the capture of leader 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.
At the same time, President Trump said he's disappointed in Fed Chair Jay Powell for not cutting interest rates.
And just last week, the average 30-year mortgage dropped below 6% for the first time in many years. It's coming down very rapidly, and that's not with the help of the Fed. If I had the help of the Fed, it would be easier. But that jerk will be gone soon.
Now, Trump said he will announce his nomination to replace Powell within the next few weeks. His remarks come in the midst of backlash over the Department of Justice's probe over the Fed. Iran has experienced more than two weeks of deadly nationwide protest, and the Oslo-based Iran Human Rights Group is now warning the death toll could be more than 6,000. Today, President Trump urged Iranians to keep up their protest, and he said that help is on the way. Here is Bloomberg's Nick Wadhams.
Well, if they take him seriously and they do ramp up those protests and face violence from the government, I mean, what we've heard is that hundreds of people have been killed so far as the government tries to crack down on these protests. So if they go out there thinking that the U.S. is somehow going to have to have their back, what pressure or obligation does that put on President Donald Trump?
That is Bloomberg's Nick Wadhams. Meantime, we are being told that SpaceX is now offering free Starlink satellite service in Iran after a days-long Internet blackout. In the U.S., about 1.4 million fewer people have signed up for Obamacare plans so far this year compared to the same period in 2025. The expiration of those federal tax credits is confronting consumers with significantly higher premiums. While the drop-off is less severe than projections from the nonpartisan Congressional Budget Office and others, experts are warning more attrition is likely in the coming months as consumers face premiums that are, on average, more than doubling. Netflix is working on revised terms for its proposed acquisition of Warner Brothers Discovery.
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