Maduro granted economic emergency powers
Venezuela's Supreme Court approved President Nicolas Maduro's "economic emergency" decree on Thursday, setting up a showdown after the Venezuelan Congress rejected the measure last month.
Maduro's decree includes wider executive powers to control the budget, companies and the currency amid a severe economic crisis in the OPEC nation.
The new opposition-led National Assembly shot the measure down in late January, saying it offered no real solutions to the worsening recession, shortages, and inflation.
However, in a decision published on its website, Venezuela's top court granted leftist Maduro those executive powers, foreshadowing an institutional showdown.
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