Mubarak: I won't run for new term
Egyptian President Hosni Mubarak says he will not run for a new term in office in September elections and will work during the rest of his term for a "peaceful transfer of power" in a new attempt to defuse massive protests demanding his immediate ouster.
In a speech aired on state TV Tuesday night, Mubarak said, "In all sincerity, regardless of the current circumstances, I never intended to be a candidate for another term." (AP)
