7/1/12 LATEST BREAKING ON ULTIMATUM IN EGYPT.

FROM NEW YORK TIMES

Egypt’s Army Issues Ultimatum to Morsi

Leader Given 2 Days to Satisfy Protesters or Face Takeover

By DAVID D. KIRKPATRICK, KAREEM FAHIM and BEN HUBBARD 1:32 PM ET

In a statement read on state television, the head of the Egyptian military said the mass demonstrations over the weekend reflected an “unprecedented” expression of popular anger.