The plan also includes a pledge not to seek any extension to the settlement freeze after the 90-day period, a vow to veto any attempts at the United Nations to force a unilateral peace deal and an agreement on supplying Israel with more war planes.

Israeli-Palestinian peace talks, renewed under Washington's sponsorship on September 2, broke down a few weeks later when Israel balked at renewing a settlement moratorium.

Netanyahu met his top "Forum of Seven" ministers a day after returning from a week-long US tour that included talks on November 11 with Secretary of State Hillary Clinton at which she unveiled the plan he showed his cabinet, the source said.

Netanyahu hopes he may win approval for the plan from his pro-settler cabinet later this week, political sources said.

Among the pledges offered to Israel by Washington, was a guarantee to veto any resolutions brought to the United Nations Security Council that seek "to impose a political settlement on Israel," the source said, speaking on condition of anonymity.

Palestinian President Mahmoud Abbas had no immediate comment. Officials speaking on condition of anonymity said the Palestinian leader was likely to wait to see whether Israel approved the ideas before issuing any comment.