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
Dear citizens,
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.



Doesn't sound like it is going to be a very secular nation anymore from that statement.
I believe that the ordinary Egyptian is unlikely to trade the shackles of a dictatorship for some equally offensive fundamentalist bull crap. Finger crossed and all that.
From dictatorship with an illusion of democracy to a miltary dictatorship. This is going to go down hill for the Egyptian people quickly
hopefully, the military will take only temporary control until a democratic government can be established. As in our country, where the exiting administration hand over the reigns of government with grace and counsel, so shall the Egytian military. A happy people whose futures are self determined should provide the world with a great neighbor.