Thursday, February 10, 2011

Reports: Mubarak to Step Down

by Bill McBride on 2/10/2011 11:29:00 AM

• From the NY Times: Egypt’s Army Signals Transfer of Power

• From the WSJ: Mubarak Expected to Step Down

Egyptian President Hosni Mubarak is expected to step aside Thursday evening, the head of the country's ruling party said ... Hossam Badrawy, secretary-general of the National Democratic Party, said he told Mr. Mubarak in a telephone call Thursday that the president needs to step down for the good of the country.

Mr. Mubarak didn't say what he would do, Mr. Badrawy said, but Mr. Badrawy said he believes the president will step down.