After UN vote, Netanyahu to withhold $100 million per month tax transfer to Palestinians

5:56 PM 12/02/2012

RAMALLAH, West Bank (AP) — The Palestinian president returned triumphantly to the West Bank on Sunday, receiving a boisterous welcome from thousands of cheering supporters at a rally celebrating his people’s new acceptance to the United Nations.

An Israeli decision to cut off a cash transfer to the financially troubled Palestinian Authority, following an earlier decision to build thousands of new homes in Jewish settlements, failed to put a damper on the celebrations.

But Palestinian officials acknowledged they were undecided on what to do with their newfound status, and were waiting for upcoming Israeli elections and new ideas from President Barack Obama before deciding how to proceed.

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