Egypt, France Put Forth Gaza Ceasefire Proposal
The U.N. Security Council's emergency meeting Tuesday night did not produce a peace plan, but the French and Egyptian foreign ministers announced a new proposal for a temporary cease-fire in the Gaza Strip.
The proposal called for the re-opening of a border crossing, and appeared to be the result of negotiations between Hamas leaders in Syria and Egyptian officials.
The Egypt-France proposal differed from earlier cease-fire propositions because it theoretically has the implicit agreement of Hamas. Senior members of the militant group met Tuesday in Damascus and Cairo with Syrian and Egyptian leaders, who in turn said Hamas might be ready to stop firing rockets into southern Israel.
Click here to read CBS News' George Baghdadi's story about Tuesday's diplomacy in Damascus.
Asked if something was going to break in the ongoing fighting, U.S. Ambassador Zalmay Khalilzad told CBS News to keep an eye on Cairo. Several Arab foreign ministers also indicated that the next 48 hours would be essential to the establishment of a possible truce.
Although Israel has not reacted to the proposal, Israeli Ambassador Gabriela Shalev did announce at the U.N. meeting the opening of a humanitarian corridor into Gaza.

"The ongoing attacks against Israel and the decision that Hamas made not to respect the previous period of calm shows us that when this ends there must be new arrangements in place, not a return to the status quo ante," said Rice.
Secretary-General Ban Ki-moon, returning from lunch in Washington with President Bush, issued a statement Tuesday that he was deeply dismayed by an Israeli attack outside a U.N. school and renewed his call for an immediate ceasefire.