Chants of "Egypt is free!" took over the streets of Cairo Friday, as pro-democracy protestors rejoiced at Hosni Mubarak decision to step down as president.
Mubarak ceded power to the military following 18 days of pro-democracy demonstrations. Car horns blared throughout Cairo in celebration after Vice President Omar Suleiman made the announcement on national television.
"In these grave circumstances that the country is passing through, President Hosni Mubarak has decided to leave his position as president of the republic," said a grim-looking Suleiman.
"He has mandated the Armed Forces Supreme Council to run the state," he added. "God is our protector and succor."
In the U.S., President Barack Obama welcomed the change in Egypt, saying he's "confident the people of Egypt can find the answers."
"The people of Egypt have spoken. Their voices have been heard. And Egypt will never be the same," Obama said. "Egyptians have inspired us, and they've done so by putting the lie to the idea that justice is best gained by violence.
Click play to watch the latest CBN News report, followed by analysis from author Joel Rosenberg and CBN News reporters George Thomas and Chris Mitchell.
CBN News also spoke with Paul Marshall of the Hudson Institute about the impact of Egypt's change in leadership. Marshall has advocated for Christians in the country. Click here for his comments.
"Finally we are free," said Safwan Abou Stat, a 60-year-old in the crowd of protesters at the palacer. "From now on anyone who is going to rule will know that these people are great."
News of Mubarak's resignation came one day after the embattled leader defied protesters and world pressure, saying he wouldn't step down until September.
The defiance put the Obama administration in a position of trying to figure out what it's next step diplomatically will be.
"We are going to have to wait and see what's going on," President Barack Obama said.
Despite the cries of joy echoing across the Middle East, there remains a lingering uncertainty as to how Egypt's military will handle the transition of power.
For more insight on this story, click play for commentary from CBN News' International Correspondent Gary Lane and Mideast Bureau Chief Chris Mitchell. Khairi Abaza of Foundation for the Defense of Democracies also weighed in on what Mubarak's resignation will mean for Egypt.