Mubarak Steps Down; Fannie and Freddie's Future; Budget Wars

Egyptian President Hosni Mubarak has resigned in the wake of massive anti-government protests which lasted more than two weeks. What's next for Egypt after this historic revolution? President Obama spoke from the White House about the resilience of Egyptian people and the use non-violence as a moral force of justice. Also, we discuss the Obama Administration's proposal to gradually abolish mortgage lenders Freddie Mac and Fannie Mae, and look ahead to the release of the 2012 federal budget, expected on Monday. (Arianna Huffington is away.)

Banner image: Anti-government protester cheers as news of the resignation of Egyptian President Hosni Mubarak seeped into Tahrir Square February 10, 2011 in Cairo, Egypt. Photo: John Moore/Getty Images