Mubarak Steps Down

One day after vowing to serve until September, Egyptian president Hosni Mubarak has resigned.

Vice President Omar Suleiman made the announcement that Mubarak has stepped down effective immediately. He reportedly fled Cairo last night for his home in the Red Sea resort of Sharm El Sheikh.

The announcement was met with cheers in the streets. Watch reaction live here. Read the translation of his resignation, courtesy of the BBC, below.

In the name of God the merciful, the compassionate, citizens, during these very difficult circumstances Egypt is going through, President Hosni Mubarak has decided to step down from the office of president of the republic and has charged the high council of the armed forces to administer the affairs of the country. May God help everybody.