Egyptiantold the nation on national television Tuesday that he will not seek another term. "I not intend standing for election because I have spent enough time serving Egypt."
The Los Angeles Times reported the Obama Administration had told him he should step down.
The opposition has said it will not talk with Mubarak until he steps down. It remain unclear whether the crowds would settle for elections in September, though Mubarak did not rule out holding them earlier.
"It is not my nature to give up responsibility ... I never wanted power or prestige," Mubarak said.
Mubarak asked police to respect the rights and freedoms of people pending the voting.
The startling development in Eypgt, following the ousting of Tunisa's dictators and riots in other nations, creates an unpredictable situation.