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Mubarak Resigns: Egyptian President Cedes Power to Military After Nearly 30 Years in Office (VIDEO)

Embattled Egyptian President Hosni Mubarak has stepped down and left Cairo for his estate in the Red Sea resort of Sharm el-Sheikh. After striking a defiant tone in a televised national address, Mubarak delegated his powers to Vice President Omar Suleiman, effectively putting the nation under military control. The military has pledged to carry out constitutional reforms and to hold free and fair elections. Thousands of protesters on the streets of Cairo rejoiced at the news that Mubarak would finally be resigning after 30 years in power.