Every US administration since the Six Day War has held the position that the Settlements and annexation of East Jerusalem are illegal. The USA my veto, certainly Obama is cowardly enough to do that, but if it does so now it is finished as a nation with the slightest bit of influence in the world.
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At North Korean party congress, Kim Jung Un hails nuclear progress (AP)
from the article: Arab nations submit draft UN resolution condemning Israeli settlements