Tzipi Livni's centrist Kadima party and Benjamin Netanyahu's right-wing Likud party both claimed victory in Israel's parliamentary elections Tuesday, complicating prospects of a coalition government.

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Treasury Secretary Timothy Geithner finalized a plan outlining changes to the TARP plan Congress passed last year, and four U.S. soldiers were killed in Iraq Monday in a suicide car bombing.

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Israeli President Shimon Peres said Monday that efforts to form a coalition government had failed, officially clearing the way for snap elections to take place in the next few months.

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Prime Minister Ehud Olmert averted a split in Israel's coalition and staved off a key coalition partner's threat to bring down the government, giving him at least a few more months to pursue peace agreements with the Palestinians and Syria.

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Israeli security officials on Monday continued with preparations for the highly controversial Gaza settlement pullout, despite Finance Minister Benjamin Netanyahu's surprise resignation in protest to the plan.

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Benjamin Netanyahu withdrew yesterday from the race for Israeli Prime Minister, even though polls suggest he could easily have ousted incumbent Ehud Barak.

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Ehud Barak, who abruptly resigned as Israeli Prime minister last week, kicked off his reelection campaign today. He faces right-wing rival Benjamin Netanyahu in upcoming elections.

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