$1 Billion Pledged to Rebels

The end may be near for Gaddafi. At least that's what the nations intervening in Libya are thinking as they pledge $1 billion to the rebels in an attempt to prepare them to fill the power vacuum. Senior NATO officials meeting in Abu Dhabi acknowledged reports that Gaddafi's son Seif al-Islam is seeking a negotiated transfer of power, and said that repeated entreaties from the regime show the government is becoming increasingly desperate. Italy, France, Turkey, Australia, and other countries pledged a combined $1 billion to aid the rebels, while the U.S. joined the rebels as the legitimate representatives of the country.