The Egyptian President's National Security Adviser says a military coup is now underway in the country.
It comes after an army imposed deadline for Mohamed Morsi's resignation expired this afternoon.
The embattled President insists he will stay in office and he's offering to form a coalition government to resolve the political crisis.
He was given the ultimatum amid mass protests over the lack of progress in the country since his election last year.
It's also reported that a travel ban has been imposed by the army on President Morsi and other top Islamists.