The United States Justice Department announces charges against Venezuelan President Nicolás Maduro for drug trafficking, offering up to a $15 million award for his arrest.
Sinclair Broadcast Group buys Fox Sports Networks (FSN) from The Walt Disney Company for $10.6 billion. Disney was ordered by the U.S. Justice Department to sell FSN as part of its purchase of 21st Century Fox last year due antitrust concerns over its ownership of ESPN Inc.
Colombian President Álvaro Uribe and Venezuelan President Hugo Chávez almost come to blows at the Rio Group summit in Playa del Carmen, Mexico, with Uribe taunting Chávez "Be a man! … you're a coward face-to-face! Stay and argue face-to-face!" and Chávez responding with a simple "Go to Hell!" The Summit also announces the creation of the Community of Latin American and Caribbean States.
US President Barack Obama will propose a $3.8 trillion budget for fiscal 2011 that foresees the deficit hitting a record $1.6 trillion in the current fiscal year but falling to about $700 billion by 2013.