`` The full and phased withdrawal '' of Israeli security forces from the West Bank has to be accompanied by evidence of a Palestinian state that can help secure the peace and prevent attacks against Israel , he said . Events show Israel will not work in the Middle East anymore , Obama says . The President announces $ 1 billion in assistance for Egypt . He announces a trade plan for the region . A two - state Arab - Israeli state should be based on 1967 principles , Obama says .
Events show Israel will not work in the Middle East anymore , Obama says . The President announces $ 1 billion in assistance for Egypt . He announces a trade plan for the region . A two - state Arab - Israeli state should be based on 1967 principles , Obama says .