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Israel conditionally welcomes cease-fire proposal (AP)
[5 mins][Israel]
A Palestinian injured in an Israeli army operation reacts as he is treated at Kamal Adwan Hospital, in Beit Lahiya, northern Gaza Strip, Wednesday, Jan. 7, 2009. Israel tentatively welcomed a proposal Wednesday from Egypt and France for a Gaza cease-fire and briefly halted its offensive to allow aid to reach civilians, but also gave the military a green light to press ahead with its assault on Hamas. (AP Photo/Fadi Adwan)AP - Israel tentatively welcomed a proposal Wednesday for a Gaza cease-fire and briefly halted its offensive to allow aid to reach Palestinian civilians, but also instructed the military to press ahead with its assault on Hamas.
Obama pledges to tackle government spending
[34 mins][Kansas]
U.S. President-elect Barack Obama announced his appointment of former Treasury official Nancy Killefer, right, as the first White House ‘chief performance officer’ to oversee budget and spending reform.President-elect Barack Obama said Wednesday that reforming massive government entitlement programs would be "a central part" of his effort to control federal spending.

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