"President Obama looks forward to working with Prime Minister Netanyahu," the White House said, in a businesslike statement that follows fierce pre-election exchanges between the two men.
Netanyahu yesterday reached an 11th hour coalition deal to stay in power, securing the backing of the far-right Jewish Home party, which strongly backs settlement activity.
The move is likely to complicate Israel's relationship with Washington, already strained by Netanyahu's opposition to a Palestinian state and a nuclear deal with Iran.
"We also look forward to continuing consultations on a range of regional issues, including international negotiations to prevent Iran from acquiring a nuclear weapon and the importance of pursuing a two-state solution.