the US will likely veto....but why should it really? is it really in US interests to veto and anger 200 million arabs, especially when US is in favor of existence of Palestinian state in principle. US should use its diplomatic power to recognize state on land already in their hands and with boundaries to be determined by negotiations. Israel should even support it...after all, if you listen to the Israeli government, it's meaningless anyway on the ground (of course, their single minded focus on stopping it shows they dont believe that rhetoric. The real reason Israel wont support that is because it puts a legal cloud over settlements...why should US care about that?
Police arrest 18-year-old Palestinian suspected in Old City stabbing (Haaretz)