Photo: Hosni Mubarak
UPDATE: Egypt’s President Hosni Mubarak said in a national address Tuesday evening that he will not step down until a new president is selected in elections scheduled for September. He added that some powers are being transferred to Egypt’s vice-president.
Saying a peaceful transfer of power is underway, Mr. Mubarak refused to give in to demands of tens of thousands of anti-government protesters who took to the streets for a 17th straight day to demand his immediate resignation.
In Saudi Arabia, officials there have offered Mubarak a place to live, but have advised him not to leave, according to an Arab diplomatic source.
Original: NBC Reports: Egyptian President Hosni Mubarak will step down today. This announcement comes on the 17th day of protests calling for Mubarak’s resignation.
Earlier today, Leon Panetta, Director of the CIA told the US Congress that one of his contacts within the Egyptian government told hime anonymously that change in power was imminent.