1. Diplomacy

    U.S. Will Recognize Libyan Rebels

    In this photo taken Tuesday, May 10, 2011, rebel fighters make the V-for-victory sign during the funeral of his comrade Hussein Saad Al Awami, Benghazi, Libya. Libya's rebels have adopted the "V" for victory sign as the symbol for their slogan "We win or we die." It's a doctrine they live by, as witnessed by the daily funeral processions honoring "martyrs" in their near four-month war to oust strongman Moammar Gadhafi. The sign is used all over liberated areas of Libya, by young and old, male and female, in times of mourning and in victory.(AP Photo/Rodrigo Abd)

    Rodrigo Abd / AP

    The Libyan rebels may not be called rebels for long. The U.S. will recognize the rebel council as the legitimate government of Libya, opening the door for them to receive some of Libya's $30 billion in frozen assets. "I am announcing today that, until an interim authority is in place, the United States will recognize the TNC as the legitimate governing authority for Libya, and we will deal with it on that basis," said Secretary of State Hillary Clinton in a meeting with Western and Arab leaders in Istanbul. More than 30 other countries also agreed to recognize Col. Muammar Gaddafi's opposition. The U.S. had balked at full recognition of the rebel council because they worried they wouldn't be capable of managing a stable post-Gaddafi transition.

    Read it at The Washington Post