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CNN’s John King quotes a senior U.S. official as saying that President Mubarak has agreed to yield power to his vice president Omar Suleiman.

The BBC quotes a senior member of Egypt’s governing party as saying he “hopes” that Mubarak will transfer power to Suleiman. Hossan Badrawi, secretary general of the National Democratic Party tells the BBC that Mubarak would “most probably” speak to the nation within hours.

It remains unclear what role the military will have. The supreme council of the armed forces issued a statement saying they will stay in session indefinitely during the crisis. NBC

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