Bloomberg News: Egyptian President Hosni Mubarak defied calls for his immediate resignation, agreeing only to delegate powers to his deputy, as thousands crammed into central Cairo demanding an end to his 30-year rule.
Mubarak, 82, reiterated he intends to stay on as president until elections in September, while handing day-to-day powers to Vice President Omar Suleiman in a bid to placate his opponents. Mubarak retains the right to dissolve parliament and amend the constitution, Adel Quora, former head of the Supreme Judicial Council of Egypt, told state-run television.
Crowds watching his speech in Tahrir Square responded to his speech with cries of "down with Mubarak."
"I am not happy with this, he didn't say anything new," said Ahmed Ali, a demonstrator in Tahrir Square. "I won't leave here."