NYT:
CAIRO — President Hosni Mubarak of Egypt turned over all power to the military, and left the Egyptian capital for his resort home in Sharm el-Sheik, Vice President Omar Suleiman announced on state television on Friday.
The announcement, delivered during evening prayers in Cairo, set off a frenzy of celebration, with protesters shouting “Egypt is free!”
The Egyptian military issued a communiqué pledging to carry out a variety of constitutional reforms in a statement notable for its commanding tone. The military’s statement alluded to the delegation of power to Vice President Omar Suleiman and it suggested that the military would supervise implementation of the reforms.
Update: CNN's Saeed Ahmed tweets:
Tanks outside prez palace turn their barrels away from crowd. Cheer goes up. One soldier climbs out of tank, hangs #Egypt flag on turret
Update: Live video of the jubilant celebration in Tahrir Square from MSNBC:
Update: President Obama will deliver remarks at 1:30PM ET.
Update: As far as I know, there is no evidence to support the rumor that Glenn Beck, whilst muttering about Code Pink's victory, has departed for Sharm el-Sheik to join his comrade Hosni Mubarak.
Update: Somewhere in some right wing think-tank, somebody funded by the Koch brothers is trying to figure out how this peaceful revolution validates the importance of the Second Amendment as a tool for achieving political change.
Follow the latest developments from Egypt in the Tahrir mothership diary.