From the Financial Times:
Venezuelan president Hugo Chávez on Monday appeared headed for a personal political defeat at the hands of US-backed Guatemala in his long-held goal to win a temporary seat at the United Nations Security Council.
Guatemala, which has never before held a non-permanent seat on the Security Council, beat Venezuela by 109 votes to 76 in a first round of voting at the General Assembly, and extended its lead to 114 votes versus 74 in the second round, and 116-70 in the third.
But in a fourth vote, Guatemala slipped back to 110 votes, while Venezuela rose back up to 75. Further rounds of voting were postponed until the afternoon.
While Guatemala had not yet garnered the two-thirds of votes it needed to win, as of Monday mid-day in New York, its larger-than-expected lead was a serious blow to the Venezuelan government.