Egyptian President Hosni Mubarak has resigned and the military has assumed power. Omar Suleiman, appointed vice president by Mubarak last week in a bid to quell burgeoning protests, made the announcement on state TV Friday and said that power had transferred to the military's Supreme Council.
Egyptian President Hosni Mubarak reaffirmed his determination to stay in power until September. "I said I will not nominate myself for the next presidential elections and I am committed to that," he said in a national address late Thursday night. He said he will stay in power until September, when elections are to take place, "so that the powers will be transferred to whomever the electorate chooses in the new elections."
Despite reports that President Hosni Mubarak will announce Thursday night that he is yielding power to the nation's military, an information minister denied on state television Thursday evening that the embattled leader is stepping down.
Egyptian President Hosni Mubarak will reportedly step down from Egypt's government on Thursday evening, according to sources cited by NBC News.