POSTED: Tuesday, May 8, 2012 - 9:30am
UPDATED: Tuesday, May 8, 2012 - 9:34am
NBC News — Israel's prime minister unveiled a revamped coalition government tuesday. Benjamin Netanyahu's new government is a broad alliance with Israel's chief opposition party. Regional watchers say the move could free his hand to take major action on peace with the Palestinians.
In a stunning reversal, Netanyahu called off plans to hold early parliamentary elections and struck an agreement with the rival Kadima Party. Netanyahu now presides over a coalition with 94 seats in the 120 member parliament, one of the broadest governments in Israeli history.