Breaking News: Forthcoming Mubarak Statement

This is a developing post so it will change frequently.

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Hosni Mubarak expected to speak to soon. Tune in to #AlJazeera to watch the coverage live: http://aje.me/ajelive#mubarak#tahrir#egypt

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A statement is also expected from the White House.
According to Diplomatic Sources via CNN:  Egypt crisis: Mubarak won’t run again; report says Obama pushed for decision

Update 9:38 p.m. Cairo, 2:38 p.m. ET] Egyptian President Hosni Mubarak has decided not to seek re-election, according to a senior U.S. official involved in the Obama administration’s deliberations on Egypt. The official cited “reliable contacts in Cairo” for the news. The New York Times reported Obama pushed Mubarak into the decision via a message delivered by former Ambassador Frank Wisner, who paid a personal visit to Mubarak on Tuesday.

The LA Times is reporting that US Envoy Frank Wisner was sent to tell Egyptian President Hosni Mubarak to step aside.

Frank Wisner, a former ambassador to Egypt who has good relations with the Mubarak regime, traveled to Cairo at President Obama’s behest to talk to the Egyptian leader about the country’s future.

Wisner delivered a direct message that Mubarak should not be part of the “transition” that the U.S. had called for, according to Middle East experts who spoke on condition of anonymity.

One expert on the region said that in his regular conversations with the Obama administration about the unrest in Egypt, he learned that Wisner’s message to Mubarak was that “he was not going to be president in the future. And this message was plainly rebuffed.”

Obama’s Message to Mubarak: Neither You Nor Your Son Should Be On the Ballot This Fall

U.S. officials tells ABC News that on Saturday, President Obama made the final authorization to send former Ambassador to Egypt Frank Wisner to deliver – gently – the message to Egyptian President Hosni Mubarak that neither he nor his son should run for the presidency this September.

Wisner, a well-regarded Egypt hand with a longtime relationship with Mubarak, was “in the orbit,” an official says, “because he’s been talked about as a potential Holbrooke replacement” to be a Special Envoy to Afghanistan and Pakistan.

The White House gave Wisner his talking points, the official said, and Wisner flew to Cairo Sunday to tell Mubarak that he should not run for re-election — and that his son Gamal should not run either.