Middle East channel Al Arabiya reports that the Higher Military Council, which has taken control from Hosni Mubarak, will fire Mubarak's Cabinet, suspend both houses of Parliament and rule with the head of the supreme constitutional court.
Reuters is quoting a military source as saying Defense Minister Mohamed Hussein Tantawi will be the head of the ruling military council.
The moves come after Vice President Omar Suleiman's announced Mubarak's resignation. Here's the full text of his remarks, as translated by MSNBC TV:
In the name of Allah the merciful, the compassionate
Amid these difficult circumstances the country is going through, president Muhammad Hosni Mubarak has decided to step down from presidency, he has delegated the supreme council of the armed forces to take charge of the country's affairs
May Allah be our guide and our help.