Breaking: President Mubarak of Egypt steps down

President Hosni Mubarak of Egypt has resigned. The announcement was made Friday by Vice-President Omar Suleiman. The news comes after 18 days of mass demonstrations in the country.

The armed forces council will be handling issues of state. It says it will fire Mubarak's Cabinet, suspend both houses of Parliament and rule with the head of the supreme constitutional court. According to a military source, Defense Minister Mohamed Hussein Tantawi will be the head of the ruling military council.

Opposition figure Mohamed ElBaradei says he is hopeful Mubarak's resignation will start a new Egypt with democracy and social justice.