Mark Penn resigns as chief strategist for the Hillary Clinton 2008 presidential campaign. This comes in the wake of revelations that he performed lobbying work for the Colombian government, regarding a free trade pact that Senator Clinton opposes.
Venezuela's National Electoral Council announces that Hugo Chávez's presidency will be subject to a recall referendum on 15 August, with general elections to follow within 30 days if the vote goes against the president.
thumb Inácio Lula da Silva]]Luíz Inácio Lula da Silva ("Lula") becomes the 37th president of the Federative Republic of Brazil for the period (2003–2007). Da Silva was elected representing the Worker's Party with 61% percent of the vote. His inaugural speech includes vows to wipe out poverty, hunger, and corruption, but da Silva promised during the campaign to abide by an agreement with the International Monetary Fund to maintain a budget surplus of 3.75% and filled key economic posts with men considered friendly to foreign investment. Among guests at the inauguration were Venezuelan President Hugo Chávez, Cuban President Fidel Castro, and U.S. Trade Representative Robert Zoellick.
Coup d'état in Venezuela. President Hugo Chávez is brought to military barracks. Military announces transitional government consisting of mix of civilians and military headed by leader of the Chamber of Commerce (Venezuelan Federation of Chambers of Commerce), Pedro Carmona, who immediately repeals constitution, dissolves supreme court and parliament.