Israeli defense spending has already seen a $1 billion-plus jump, largely to pay for the costly war with Hezbollah. The administration wants more but Israelis are saying it needs to use the money it has better. Hilary Krieger reports.
The Hamas-controlled Palestinian Authority that was sworn in today is virtually bankrupt. Israel, the US and the EU are trying to figure out how to help the Palestinian people without supporting the militant group. Hilary Krieger reports.