Earlier it was being reported that President Hosni Mubarak would be stepping down and transferring authority to the Egyptian Armed Services. However, Mubarak is now refusing to step down and hand power to anyone until elections are held and a new president is elected.
In a nationally televised address following a tumultuous day of political rumors and conflicting reports, Mr. Mubarak said he would “admit mistakes” and honor the sacrifices of young people killed in the three-week uprising, but that he would continue to “shoulder my responsibilities” until September, and did not give a firm indication that he would cede political power.
Even as Mr. Mubarak spoke, angry chants were shouted from huge crowds in Cairo who had anticipated his resignation but were instead confronted with a plea from the president to support continued rule by him and his chosen aides. People waved their shoes in defiance, considered an insulting gesture in the Arab world.
Mr. Mubarak said the process of political change initiated by his administration, including a dialogue with opposition groups, would not be reversed. But he signaled no imminent transfer of power and blamed foreigners for seeking to interfere in Egypt’s affairs.