Progressive Socialist Party chief Walid Jumblat said on Sunday that it was a shame for the Lebanese not to be able to elect a new president, calling for another extension of parliament's term.

“It is a shame that we the politicians failed to elect a president,” Jumblat said during a visit to several towns in Aley.

Head of the Progressive Socialist Party MP Walid Jumblat is scheduled to hold talks on Saturday with Marada Movement chief MP Suleiman Franjieh, reported al-Liwaa newspaper on Saturday.

It said that the talks will focus on the latest developments in Lebanon, especially in light of the return to Lebanon of head of the Mustaqbal Movement MP Saad Hariri following a three-year absence.

Progressive Socialist Party chief Walid Jumblat has warned that all of Lebanon's factions were facing a terrorist threat, saying the rival Lebanese parties should overcome their divisions and al-Mustaqbal movement leader Saad Hariri should return to Beirut.

Officials close to Jumblat told As Safir newspaper published on Friday that the PSP leader is seeking to create a “political safety net,” under which all parties would end their differences and focus on their mutual interests.

Several Lebanese officials lauded on Thursday Saudi Arabia for granting Lebanon additional financial aid to help it combat security threats.

Kataeb Party leader Amin Gemayel expressed concern in an interview with Saudi newspaper Okaz over the enormous challenges confronting Lebanon, considering that the second Saudi financial deal didn't surprise him.

A Free Patriotic Movement official has said that MP Michel Aoun rejected an offer made by Progressive Socialist Party chief Walid Jumblat to pull his candidacy for the presidency in favor of a compromise candidate.

The official, who was not identified, told al-Akhbar newspaper published on Thursday that Jumblat proposed to FPM chief Aoun to end his presidential bid and agree with the rest of the factions on a consensual candidate.

Senior officials held a meeting at the residence of former President Michel Suleiman in Yarze, the state-run National News Agency reported on Wednesday.

The meeting, which was held on Tuesday evening, gathered Maronite Patriarch Beshara al-Rahi, Prime Minister Tammam Salam, head of al-Mustaqbal Parliamentary bloc Fouad Saniora and Progressive Socialist Party leader Walid Jumblat.

Progressive Socialist Party leader Walid Jumblat and Free Patriotic Movement chief Michel Aoun discussed on Tuesday the presidential deadlock and the importance of backing the Lebanese army.

Jumblat left Rabieh without addressing reporters but the two parties later issued a joint statement describing their meeting as “frank and friendly.”

Hizbullah Secretary-General Sayyed Hassan Nasrallah has reportedly advised Progressive Socialist Party leader Walid Jumblat to visit Free Patriotic Movement chief Michel Aoun to resolve the presidential deadlock.

“We have a president … He is Aoun and we continue to back him,” As Safir daily quoted Nasrallah as telling Jumblat.

Progressive Socialist Party leader MP Walid Jumblat noted on Monday that “national responsibility” obligates all political camps to stand united behind the military institution in light of the army's battles with armed groups in the eastern town of Arsal.

He said in his weekly editorial in the PSP-affiliated al-Anbaa website: “Some irresponsible sides criticized the army and will expose it and Lebanon to more dangers.”

Progressive Socialist Party leader MP Walid Jumblat stressed on Sunday that Lebanon is facing the danger of terrorism given the clashes between the army and the al-Nusra Front gunmen in the eastern region of Arsal near the border with Syria.

He said during a tour of the Deir Qoubel and Choueifat regions: "Hizbullah's fighting in Syria did not bring about the threat of terrorism to Lebanon."