A package of security and diplomatic incentives has been offered to the Israeli Government in an attempt to get the Middle East peace talks back on track.
The United States has made the offer in exchange for a 90- day freeze on settlement construction in the West Bank.
The plan includes a pledge not to seek any extension to the settlement freeze after the 90-day period, a vow to veto any attempts at the UN to force a unilateral peace deal and an agreement on supplying Israel with more war planes.
Israeli-Palestinian peace talks, renewed under Washington's sponsorship on 2 September, broke down a few weeks later when Israel balked at renewing a settlement moratorium.
Israeli Prime Minister Benjamin Netanyahu met his top ‘Forum of Seven’ ministers a day after returning from a week-long US tour that included talks on Thursday with US Secretary of State Hillary Clinton.
Netanyahu hopes he may win approval for the plan from his pro-settler cabinet later this week, political sources said.
Palestinian President Mahmoud Abbas had no immediate comment. Officials speaking on condition of anonymity said the Palestinian leader was likely to wait to see whether Israel approved the ideas before issuing any comment.