Less than two months after his biggest-ever electoral victory, Israeli Prime Minister Benjamin Netanyahu has failed in a desperate bid to form a new government. The Knesset has now voted to hold a new election on Sept. 17.
Why it matters: This is a huge political defeat for Netanyahu. It's the first time since the founding of Israel that a prime minister has missed the deadline to form a coalition after winning an election. Netanyahu opted for new elections before Israel's president offered one of Netanyahu's political rivals an opportunity to form a government.