The President spoke briefly on the situation in Egypt following the resignation of President Hosni Mubarak. President Obama says "the people of Egypt have spoken, their voices have been heard and Egypt will never be the same."
"By stepping down, President Mubarak responded to the Egyptian people’s hunger for change. But this is not the end of Egypt’s transition. It’s a beginning. I’m sure there will be difficult days ahead, and many questions remain unanswered. But I am confident that the people of Egypt can find the answers, and do so peacefully, constructively, and in the spirit of unity that has defined these last few weeks. For Egyptians have made it clear that nothing less than genuine democracy will carry the day."
The transcript is HERE.
In related news:
The White House has insisted the next government of Egypt recognize the country's historic peace accord signed with Israel ...
Netanyahu's government is deeply concerned that "whoever followed Mubarak would be less friendly to Israel."
Switzerland has frozen "any potential assets" belonging to Mubarak.
Watch the President's speech AFTER THE JUMP ...