Netanyahu to announce new elections in Knesset address -- report

Netanyahu will likely announce that his efforts to form a coalition have failed and that there is no option but to hold new elections in his Knesset address tonight, according to reports in Hebrew-language media.

Earlier, Netanyahu met with Liberman in a last-ditch effort to reach a coalition deal that would prevent Israelis from going to the polls months after the April 9 vote. Reports said the talks were not successful.