About This Source - Bloomberg QuickTake: Now
Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.
It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
Recent from Bloomberg QuickTake: Now:
Bloomberg Quicktake: Now published this video item, entitled “Israel’s Netanyahu Faces Midnight Deadline to Form New Coalition Government” – below is their description.
Israeli Prime Minister Benjamin Netanyahu faced a midnight deadline on Tuesday to put together a new coalition government — or be looking at the possibility of leading his Likud party into the opposition for the first time in 12 years.
Netanyahu has struggled to secure a parliamentary majority since March 23 — when elections ended in deadlock for the fourth consecutive time in the past two years. Despite repeated meetings with many of his rivals and unprecedented outreach to the leader of a small Islamist Arab party, Netanyahu has not been able to close a deal during a four-week window.
He suffered a last minute defeat late Tuesday after a key committee failed to hold a vote on his proposal to stage direct elections for the premiership. A main rival, Benny Gantz, said Netanyahu “failed again to form a government. It is now your duty to think of the country, to look honestly at reality and concede your failure.”
Netanyahu’s deadline to form a government was to expire at midnight, at which point the matter returns to President Reuven Rivlin in the absence of an agreement.
A failure to reach a deal would not immediately push Netanyahu out of office.Bloomberg Quicktake: Now YouTube Channel
Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.
In This Story: Israel
Israel, a Middle Eastern country on the Mediterranean Sea, is regarded by Jews, Christians and Muslims as the biblical Holy Land. Its most sacred sites are in Jerusalem. Within its Old City, the Temple Mount complex includes the Dome of the Rock shrine, the historic Western Wall, Al-Aqsa Mosque and the Church of the Holy Sepulchre. Israel’s financial hub, Tel Aviv, is known for its Bauhaus architecture and beaches.