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Confirmed: Mubarak to speak tonight

Egyptian TV has confirmed that it will air an address from President Hosni Mubarak this evening. The time has not been firmed up, NBC News' Charlene Gubash reports from Cairo.

Reuters quotes Egyptian Information Minister Anas el-Fekky as dismissing the reports Mubarak will step down. "Everything you heard in the media is a rumor," it quoted him as saying.

Hossam Badrawi, secretary general of Mubarak's ruling National Democratic Party, however, told Britain's Channel 4 that Mubarak would not only would stand aside in a televised address but would hand over power to Vice President Omar Suleiman.

Aboard Air Force One on its way to an event in Michigan, White House press secretary Robert Gibbs told reporters that President Barack Obama was "watching same thing you are" and that Washington doesn't "want to prejudge what might happen later today."