Rice Raises New Approach to Mideast Peacemaking

Condoleezza Rice set out a new approach to reviving Israeli-Palestinian peacemaking.

Rice outlining parallel U.S. discussions with the divided parties.

"Now we are in a situation in which I think a bilateral approach, in which I talk in parallel to the parties ... is the best way," Rice said at a news conference with Palestinian President Mahmoud Abbas.

She said she hoped to establish a common agenda between Israel and the Palestinians that would eventually lead to the establishment of a Palestinian state.