Voters rejected the sweeping reforms by a margin of 51% to 49%, the chief of the National Electoral Council said. (BBC News)
CNN announced the breaking news:
Venezuela President Hugo Chavez accepts narrow loss in vote that would have let him run for re-election indefinitely.
I am VERY happy with the results. Otherwise, it would have validated some very dangerous things which would have allowed him to stay in office “forever,” formally having complete control of things in Venezuela, beyond what makes any sense in a democracy.