Note: this page will be updated as more news is released

UPDATE: 8:45 PM Hamas will not agree to any ceasefire that does not “meet the demands of the Palestinian people”, the group’s leader, Ismail Haniyeh, said on Monday night.

In a televised address in which he responded to reports that Egypt had proposed a ceasefire that will go into effect at 9:00 a.m. Tuesday morning, Haniyeh said, “We will not agree to any ceasefire that does not cater to the demands of the Palestinian people and brings honor to its victims.”

“Today we are facing an important stage in the conflict with the Israeli occupation. Years of a blockade did not prevent our resistance from taking all possible measures to protect the Palestinian people,” he added.

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“The Zionist enemy forced the war on us and planned it. Today we are fulfilling our duty to protect our people and our honor,” declared Haniyeh.

Haniyeh’s comments echo those of a Hamas official who reiterated earlier Monday that the group would not accept any deal without Israel meeting several harsh conditions for a truce, including releasing terrorists and stopping a blockade.

UPDATE: Hamas rejects any ceasefire that does not include a full agreement on the conflict in Gaza with Israel, Hamas Spokesman Fawzi Barhoum, said about 6:30PM NY time

“A ceasefire without reaching an agreement is rejected. During wartime you don’t stop firing then negotiate,,” the official told AFP.

Haaretz is reporting that Egypt has proposed a has proposed an unconditional cease fire to both Israel and Hamas. Israeli Prime Minister Netanyahu supports the cease fire proposal and will take it to the security cabinet Tuesday morning at 7am, two hours before the cease fire is scheduled to begin (9AM). In Israel the Prime Minister is not really the Commander-in-Chief like the President in the US, he needs the support of the security cabinet.

The announcement below is part of the Ha’aretz’s live updates (Note: Israeli time is 7 hours later than EDT so 10:29PM below is 3:29 NY Time).

10:29 P.M. Sources in the Egyptian Foreign Ministry say Egypt has proposed a cease-fire outline to Israel and Gaza: The cease-fire will start at 9 A.M., meaning Israel will stop aerial, naval and ground operations against the Gaza Strip and promise not to engage in a ground offensive or harm civilians. At the same time, all the Palestinian factions will hold their fire.

Crossings between Gaza and Israel will be reopened, and restrictions on the passage of commodities and people will be eased, in return for a halt to hostilities.
Within 48 hours after the cease-fire, Israeli and Palestinian delegations will arrive in Cairo for continued indirect talks to discuss the details of the truce and its implementation. Egypt will receive guaranties from both sides, and promises to implement the outline. (Jack Khoury)

 11:14 P.M. Israel’s security cabinet will meet Tuesday morning to discuss the Egyptian  cease-fire proposal. A senior Israeli official said that Prime Minister Benjamin Netanyahu accepts the Egyptian offer and will bring it to a vote in the meeting that will take place on Tuesday at 7 A.M. (Barak Ravid)

10:57 P.M. Rocket fired from Lebanon explodes in an open area in western Galilee; no injuries or damage reported. IDF responds with artiliery fire. (Gili Cohen)

11: 32 P.M. Hamas deputy political chief Ismail Haniyeh said yesterday that contacts for a potential cease-fire exist, yet Hamas is yet to receive a formal proposal. In the speech aired Monday on Al-Jazeera, Haniyeh clarified Hamas did not seek escalation, blaming Israel for violating the previously-established cease-fire following 2012’s Operation Cast Lead. (Zvi Barel)

11:54 P.M. Sources in Habayit Hayehudi party say Economy Minister Naftali Bennett will vote against a cease-fire in the cabinet meeting on Tuesday morning. (Barak Ravid) 

It is not know how Hamas will officially react to the cease fire. They have been demanding more than just a cessation of hostilities so if they do agree to the Egyptian proposal, their people suffered too many deaths and too much damage to Gaza without gaining anything (except for the continuing love of Barack Obama and the mainstream media).

As for Israel they have been saying all along all they want is for the rockets to stop.  We will find out somewhere between midnight and two AM New York time.