Tipsheet Fox News Reporting Mubarak to Step Down at Next Election Elisabeth Meinecke | February 01, 2011 1:56 PM The latest news coming out of Egypt, according to Fox News, is that Egypt's president Mubarak will not stand for re-election this fall. Despite a restructuring of his cabinet, this is the first indication that we've had that Mubarak will himself leave.Protests continue in Egypt.