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Venezuela's Chavez Defeated in Bid for Indefinite Re-Election, Sweeping Reform

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FOXNews.com - Venezuela's Chavez Defeated in Bid for Indefinite Re-Election, Sweeping Reform - International News | News of the World | Middle East News | Europe News: "CARACAS, Venezuela — Humbled by his first electoral defeat ever, President Hugo Chavez said Monday he may have been too ambitious in asking voters to let him stand indefinitely for re-election and endorse a huge leap to a socialist state. 'I understand and accept that the proposal I made was quite profound and intense,' he said after voters narrowly rejected the sweeping constitutional reforms by 51 percent to 49 percent."

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