Daily Political Wire

George Wenschhof

Situation in Egypt remains Fluid - the build up to the speech given by President Mubarak yesterday was filled with misinformation from the U.S.media. Anticipation was Mubarak was stepping down and would leave the country. Instead, the president of Egypt turned over his power to the vice-president appointed by him and promised free elections in September. Protesters were not satisfied with the latest news and demonstrations will continue. The military holds the true power in Egypt and will have the final say on how this plays out. The NY Times has more here.

The White House issued a statement last night following Mubarak's speech. You can read it here.

Reports this morning indicate Mubarak has left Cairo to stay at private presidential retreat in Egypt.

11:30 AM ET Update: Vice President Omar Suleiman announced President Mubarak has stepped down and ceded power to the military. President Mubarak is currently at his coastal resort home in Sharm el-Sheik. The NY Times has more here.

Reuters has an update below.



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Obama Proposes Options to Phase out Fannie Mae and Freddie Mac - their bail out has cost the government 150 billion. Three options have been presented to Congress. The Washington Post has more here.

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C-SPAN Covers GOP 2012 Hopefuls at CPAC - You can watch the speeches of the potential Republican candidates for the 2012 nomination for president, beginning with Mitt Romney at 10:30 AM ET here.

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Last Day for White House Press Secretary Robert Gibbs - Jay Carney, the former communications director for Vice President Joe Biden will take his place. Gibbs will be starting his own consulting firm and then work for the Obama reelection campaign. TheHill.com has more here.

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Unemployment Number One Concern - not a surprise from the latest Gallup poll. When asked what was the most important problem, 35% of the respondents answered unemployment. The economy was second with 29%, followed by health care - 19%, dissatisfaction with government - 12%, federal budget deficit - 11%. You can read the full poll results here.

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Jon Kyl (R-Az.) Makes it 5 - U.S. Senators who have announced they will not be running in 2012. CNN.com has more here.

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