Venezuela's central bank released its first inflation data since 2015, showing the dismal state of the economy. GDP fell at least 10% for 11 quarters.
Venezuelans sent INSIDER photographs that typify their everyday lives: images like a man looking for food in a dumpster, and a pile of worthless cash.
As tensions with Venezuela rise, the US is planning to announce on Tuesday the deployment of a military hospital ship to the region, US officials say.
"We discussed Trade, Venezuela, Ukraine, North Korea, Nuclear Arms Control and even the 'Russian Hoax.' Very productive talk!" Trump said.
Venezuelas oil shipments have reportedly fallen sharply since the US hit the country with energy sanctions.
Trump's foreign policy has been consistently inconsistent, and his stance on the current turmoil in Venezuela does not deviate from that trend.
Elliott Abrams served in top White House and State Department jobs under all Republican presidents since Ronald Reagan.
The standoff between the US and Venezuela continues a day after Donald Trump said he supports opposition leader Juan Guaidó, angering Nicolás Maduro.
Investors have fresh hopes for Venezuela with key bonds rallying after the US announced it would recognise Juan Guaidó as the country's head of state.
Juan Guaidó declared himself Venezuela's interim president on Wednesday night after days of protests against President Nicolás Maduro.