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Latin Times
Latin Times
Politics

House Committee Investigates Fate of $13 Billion in Venezuelan Oil Revenue

President Donald Trump (Credit: Photo by Alex Wong/Getty Images)

A congressional watchdog has formally opened an investigation into the Trump administration's management of more than $13 billion in revenue generated from Venezuelan oil exports, following bipartisan requests for greater transparency over how the funds have been handled.

The U.S. Government Accountability Office (GAO) confirmed it has begun reviewing the oil fund, marking the first formal federal oversight of a system created after Washington took control of Venezuela's oil exports earlier this year.

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