Apparently Abbas has agreed to delay SC vote for a year in exchange for continuation of financial support. There is no indication in the article that Bibi has caved on borders.
LA timers reports at 8:30 PM PST
Under the plan, the council decision on the application for recognition, which Palestinian Authority President Mahmoud Abbas plans to make Friday, would be put off indefinitely. That would buy time for the U.S. to try to restart negotiations between Israel and the Palestinians, and would keep $600 million a year in American aid and other international assistance flowing to the Palestinians. Congress had threatened to cut the U.S. aid.
Diplomats said Abbas, who is scheduled to meet Wednesday with President Obama, had signed off on the plan.
The scenario, which Western officials have been trying to engineer behind the scenes for weeks, “is now likely,” a senior European diplomat said.