I have been staying up late following the developments in Washington from here in Jerusalem as President Barak Obama has met with Israeli Prime Minister Bibi Netanyahu.
The big question is, will America hesitate in presenting it's framework for peace negotiations between Israel and the Palestinians?
It is obvious that there are major gaps between both sides and a lacking of alternatives if no agreement is reached on a framework document.
Mr. Netanyahu has essentially said that Israel has done it's part and blames the Palestinians for the lack of a deal.
He said the usual things associated with the topic of negotiations saying that the Palestinians are not doing enough, and that they are inciting violence towards Israel, and lastly must recognize Israel as a Jewish State.
Mr. Netanyahu went on to say that “Israelis want peace – not a piece of paper”.
Mr. Obama has made it clear that this is the time for tough decisions and is pushing Netanyahu not to miss the opportunity for an agreement.
The President balanced his statement with the office's usual tone of 'we have no better friend than Israel'.
The Palestinians for their part, having heard Mr. Netanyahu's tough talk and accusations at a speech just now delivered to the Jewish Lobby group AIPAC, have said that Netanyahu has effectively ended the negotiations.
But the assessment still must be made: will President Obama present a framework agreement?
His next opportunity will be after his meeting with Palestinian President Mahmoud Abbas later this month.
Is it still possible to reach the two-state solution in the Middle East?
Yes it is – but it is doubtful unless there is an Israeli leader who is willing to take the risk – say the Israeli pundits tonight.
Middle East Correspondent