US/Israel Sign "Memorandum of Understanding on Ceasefire"

Quote of the Day: "If Hamas shoots, we will have to respond, and if it shoots after a period of time, we will have to mount another campaign," Foreign Minister Tzipi Livni told Channel 10. "I have said the end doesn't have to be in agreement with Hamas but rather in arrangements against Hamas."

Good info & stats here (props to The Israel Project) on the potential ceasefire.