Phalange Party leader Amin Gemayel kicked off consultations in coordination with President Michel Suleiman to discuss the possibility of forming a new cabinet, al-Akhbar newspaper reported on Wednesday.

According to the daily, Gemayel is seeking consensus among Lebanese foes to form a new government.

President Michel Suleiman will address the Lebanese people on Wednesday on the eve of Independence Day where he will stress the necessity to spare Lebanon any regional repercussions following Monday's discovery of rockets set up to be fired against Israel, unnamed sources told An Nahar daily Tuesday.

The president is expected to reiterate the need to spare Lebanon the repercussions of the thorny Syrian crisis and Israeli aggression on Gaza, but he will renew Lebanon's solidarity with the Palestinian cause, the sources added.

Prime Minister Najib Miqati stressed that he is ready to step down if the March 14 coalition agrees to participate in a national unity cabinet, An Nahar newspaper reported on Tuesday.

“I agree on the formation of a new government if the resignation of my cabinet is a solution to the current political crisis,” french parliamentary sources told the daily.

Progressive Socialist Party leader MP Walid Jumblat's initiative to end the political deadlock in Lebanon between the rival March 8 and 14 camps is being coordinated with President Michel Suleiman, reported As Safir newspaper on Tuesday.

His efforts are taking place with the “complete coordination” Suleiman, he told the daily, with a PSP delegation set to visit the presidential palace later on Tuesday.

Progressive Socialist Party leader MP Walid Jumblat noted on Monday that Palestine will remain at the heart of the conflict in the Middle East, noting that the "Arab Spring" has arrived in its territories.

He said in his weekly editorial in the PSP-affiliated al-Anabaa magazine: “The inevitability of history proves that all peoples will earn their freedom, rights, and dignity.”

President Michel Suleiman was adamant in holding further consultations with Lebanon's bickering leaders to ensure their participation in a national dialogue session as a first step towards ending the country's political crisis, sources said Monday.

But the sources told An Nahar daily that Suleiman wasn't very optimistic in his ability to convince the rival parties in reaching a deal that would prevent the country from sliding into further security and political tension.

President Michel Suleiman stressed on Saturday that dialogue can't be “temporary” as it can't be bounded by conditions.

“We should maintain our independence, sovereignty and attend the all-party talks as it can't be temporary nor limited,” Suleiman said.

U.S. Ambassador to Lebanon Maura Connelly praised on Friday discussions aimed at forming a new government in Lebanon, announced the U.S. Embassy in a statement.

She welcomed after holding talks with Prime Minister Najib Miqati “the efforts of responsible leaders, under President Michel Suleiman’s leadership, to discuss the way forward for a government that reflects the aspirations of the Lebanese people and strengthens Lebanon’s stability, sovereignty, and independence.

President Michel Suleiman reiterated on Thursday calls for international pressure on Israel to engage in peace talks with Palestinians, saying war does not contribute to democracy in the region.

In a statement issued by Baabda palace, Suleiman condemned the “barbarous aggression launched on the Gaza (Strip) by Israel, which only uses the language of killing and destruction.”

The cabinet convened on Wednesday with a loaded agenda that includes the appointment of a director-general for the railway authority and the extension of the mandate of the acting director-general of General Security during a session that is likely to witness a hefty discussion on the recent security incidents in the southern city of Sidon.

Sources ruled out to An Nahar daily any appointment from outside the agenda of the government that will meet at the Grand Serail except for the appointment of Yehya Shakib Khamis and the extension of the term of Brig. Gen. Fouad Khoury.