11/21/2012 1:24:00 PM Gaza cease fire is reached Obama to seek more money for the
CAIRO (AP) — Egypt has announced a cease-fire agreement to end a week of fighting between Israel and Hamas militants in the Gaza Strip.
Foreign Minister Mohammed Kamel Amr said the truce would take effect at 9 p.m. local time (2 p.m. EDT.) He made the announcement alongside visiting U.S. Secretary of State Hillary Rodham Clinton.
In Jerusalem, Israeli Prime Minister Benjamin Netanyahu confirmed the deal, saying he had agreed after consulting with President Barack Obama.
The deal is to end a week of fighting that has killed more than 140 Palestinians and five Israelis.
President Barack Obama is hailing the ceasefire agreement t.
The White House says Obama talked to Israeli Prime Minister Benjamin Netanyahu today and commended him for agreeing to the Egyptian ceasefire proposal, which Obama had recommended the prime minister accept.
The White House says the United States will use the opportunity offered by a ceasefire to intensify efforts to help Israel address its security needs, especially the smuggling of weapons and explosives into Gaza.
Obama also said he would seek more money for the Iron Dome defense system that has protected Israel from rocket attacks.