Market Commentary and Intraday News
Israeli budget rifts could lead to early polls
228 days ago
By TIA GOLDENBERG
(AP:JERUSALEM) Officials say the Israeli prime minister is holding a series of meetings with his coalition partners to determine whether he needs to call early parliamentary elections.
If Benjamin Netanyahu is unable to convince members of his coalition to back his budget for the coming year, he will be forced to bring elections currently slated for next October to early next year.
The Israeli officials say Netanyahu is expected to make a decision within two weeks. They spoke on condition of anonymity because they were not authorized to discuss ongoing coalition deliberations.
Israeli governments rarely serve their full terms. Netanyahu's Likud Party has said it's unclear whether the budget, which is expected to include deep cuts, would be passed.
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