WASHINGTON (JTA) -- Israeli Prime Minister Benjamin Netanyahu held firm in his meeting with President Obama to his reservations to the outlines of peace negotiations that the president laid out in a speech yesterday.

"A peace backed by illusions will crash on the rocks of Middle East reality," Netanyahu told Obama while the two addressed the media in the White House after a meeting on Friday. In his remarks at the White House, Netanyahu reitereated his contention that the 1967 lines were "indefensible" for Israel.

WASHINGTON (JTA) – President Obama said the future state of Palestine should be based on the pre-1967 border with mutually agreed land swaps with Israel.

In his address Thursday afternoon on U.S. policy in the Middle East, Obama told an audience at the State Department that the borders of a "sovereign, nonmilitarized" Palestinian state "should be based on 1967 lines with mutually agreed swaps."