Cairo, Egypt (CNN) - President Hosni Mubarak has decided to stand down as president of Egypt, Vice President Omar Suleiman announced on state television Friday.
Suleiman said the Supreme Council of the Armed Forces will "run the affairs of the country."
Tens of thousands of anti-government protesters exploded in cheers on the streets of Cairo after the announcement.
"Egypt is Free!" they chanted.
A source with close connections to Persian Gulf government leaders told CNN that Mubarak had gone to the Red Sea resort town of Sharm el-Sheikh.
Check in on CNN.com for the latest on the developments in Egypt.
Nasser Weddady is a Civil Rights Outreach Director for the American Islamic Congress and has been keeping a close eye on the youth movements and protests in Egypt.
Weddady explains that the protesters' emphasis on nonviolence was inspired by previous civil rights movements in the United States and India. He speaks to CNN's T.J. Holmes about the motivations and hopes behind the Egyptian youth.
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As Egyptians gather in Tahrir Square in Cairo for what some reports say is the largest protests in 18 days, all eyes fell on the powerful army and what President Hosni Mubarak’s transfer of powers really means for the country.
Nicholas Burns, former Under Secretary of State and professor with Harvard Kennedy School, fears that things may be getting worse.
“The situation is much less predictable and much less stable than it was even 24 hours ago,” Burns said on “American Morning.”
“It’s going to be very important for the government of Egypt to understand that these people in the streets are not going to go away, in my judgment. And protests will continue to grow and it may be now unchartered territories with protests moving out from Tahrir Square towards the Presidential palace and Parliament and TV buildings. This is a dangerous situation,” he said.