We would like to take a minute to inform you of some breaking news that is occurring in Annapolis at the peace summit. Last night, President Bush met with both Ehud Olmert and Mahmoud Abbas. He announced to the media that he thought the time was ripe for peace. Israeli and Palestinian negotiating teams worked late into the night on a joint agreement. This morning, Israel had agreed to the statement, but was awaiting the response of the Palestinian Authority. Less than an hour ago, the Palestinians agreed to the statement that calls for a final
peace agreement by the end of 2008. "We agreed to immediately launch good faith, bilateral negotiations in order to conclude a peace treaty resolving all outstanding issues, including core issues, without exception," Bush said, quoting from the statement. President Bush is speaking now if any of you have access to a television or are able to watch coverage online.

While there are still many issues to deal with, this is hopeful step in what could end the conflict with the Palestinians. There are over 40 countries present at the conference including the likes of Syria and Saudi Arabia. Although some countries like Saudi Arabia have refused to shake hands with Israeli diplomats, the Israelis have stated their satisfaction knowing that they are present at the conference.

Please continue to monitor the media today. We will keep you up to date on any major occurrences throughout the duration of the conference which is set to end tomorrow night.