Pompeo: No point in further negotiations with Venezuelan President Maduro

Secretary of State Mike Pompeo said Wednesday he believes there is no point in further negotiations with Venezuelan socialist President Nicolas Maduro as the U.S. and other countries in the region are demanding he step down.

Speaking before the House Foreign Affairs Committee Wednesday, Mr. Pompeo said “there is no evidence that there is any value in speaking with Marudo at this time,” when asked about proposed mediation talks led by Uruguay and Mexico to induce him to leave the country and allow U.S.-backed opposition leader Juan Guaido to become the interim president.

“His time has come. His time has gone. It’s time for him to leave,” Mr. Pompeo added.

The secretary said the U.S. is prepared to increase sanctions on Venezuela and called the existing penalties the Trump administration has imposed “historic.”