Obama Administration Preparing For Hugo Chavez's Death

Opportunity to "reset" US-Venezuelan relations eyed

With President Hugo Chavez possibly in his last days, the United States sees the possibility of a long-sought reset in relations with Venezuela.

Chavez recently underwent his fourth cancer-related surgery in Cuba and there is wide speculation that the 58-year-old — at the very least — will never again be able to govern. His allies have postponed his inauguration for a new presidential term, originally scheduled for Thursday, prompting a fierce battle with the Venezuelan opposition, which argues such a delay is unconstitutional.