Update 6 pm eastern: Obama is set to make a statement soon. Watch at CNN.
Update: People want Mubarak out immediately.
Egypt's president Hosni Mubarak won't seek re-election, according to reports that he was urged by Obama not to run again in September.
Brian Williams talks to opposition leader Mohamed ElBaradei, who could be Egypt's new leader. ElBaradei didn't have such a good relationship with the Bush administration, but apparently he is fond of Obama.
A look at ElBaradei, Nobel Peace Prize winner and former director general of the International Atomic Energy Agency:
