|President Barack Obama: Getty/AFP|
The US president's peace plan calls for Israel and the Palestinian Authority to hold a series of regular meetings over the coming year.
Mr Obama, who set Middle East peace as one of his top foreign policy goals when he assumed office in 2009, will make his first visit as president to Israel and the West Bank to persuade both sides to agree to concessions for the sake of peace.
Mr Obama will oversee the relaunch of direct talks between the two sides next week in Washington.
Although Washington is pushing for a comprehensive peace deal within 12 months, implementation will be spread out over a 10-year period, according to a report in Yediot Aharonot, the Israeli newspaper.
Washington wants the intensive talks to cover core issues, including borders, refugees and the future status of Jerusalem, according to the leaked White House protocols of a conference call held this week between senior administration officials and American Jewish leaders.
(Click here to read the full story on the UK Telegraph website.)