NBC: Mubarak will step down Thursday

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Update (4:15 pm EST): Mubarak pledges not to step down until September

Egyptian President Hosni Mubarak told the nation Thursday that he would not step down until elections could be held in September.

Update (1:15 pm EST): Egyptian information minister says Mubarak not resigning

Egyptian state TV reported that the Egyptian information minister has claimed Mubarak would not step down Thursday.

Update (12:00 pm EST): CNN and Fox News say Mubarak will resign

Both CNN and Fox News reported that Mubarak would resign Thursday.

Fox News also reported that the military was prepared to take power.

Original report continues below...

Two sources told NBC News that Egyptian President Hosni Mubarak would step down Thursday.

"Word of this information is just now spreading out in Cairo," NBC's Richard Engle reported Thursday. "We again, once again, have been told by two sources within the presidency that President Mubarak will step down."

"The prime minister's office is telling us that President Mubarak tonight will decide," he added.

For its part, Al Jazeera English continued to treat the news as a rumor.

Mubarak was expected to address the nation Thursday night.

US CIA chief Leon Panetta said Thursday that he expected the Egyptian president to cede power "today."

Al Jazeera also reported Thursday that Egyptian Army officials said that protesters' "demands will be met."

The supreme council of the Egyptian army met Thursday to discuss its position on the protests and Mubarak's future.

Protesters have been massing on the streets of Cairo and other cities in Egypt since Jan. 25, demanding Mubarak leave office. The size of the demonstrations have grown in past days.

Protesters called for 20 million to march throughout the country on Friday.

This video is from MSNBC, broadcast Feb. 10, 2011.

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This video is from Al Jazeera English, broadcast Feb. 10, 2011.