
Euphoric jubilation spilled into a second day Monday in Cairo's Tahrir Square, where revelers celebrated the election of Egypt's first democratically elected president.
But with the hopes of the Egyptian revolution resting on President-Elect Mohamed Morsi's shoulders, the former Muslim Brotherhood member faces an array of challenges both at home and abroad.
For the moment, the presidency is largely a figurehead position as Egypt's Supreme Council of the Armed Forces (SCAF) maintains widespread control over the country - just as it has since Hosni Mubarak's 30-year rule succumbed to a popular revolt last year.
FULL STORY

Absolute power corrupts absolutely. We heard of that, right?
So its good to know, yes it is!
The Military will not give up their power easily.
Limited Power?
Ya think?
Don't you just love the way they worded that ? " For the "moment" the presidency is largely a figurehead position."
For the moment ? It seems to me it has always been a figurehead position.
@bobcat ith, of course, the American government sends aid to things military not there president. We're only a little better then they are. Especially now that the new " defence" Bill was signed.
Good move politicly by Egyptians leadership, let the people think they have a voice in government.
Whem military is mentioned it is not as if Egypt has a military dictatorship but that the military is so "integrated" with all sources of economic,political and to a great extent the religious structures you cannot realy differentiate between those in power.
That the military there is not any less intigrated than our own military into the very same structuring does not end our populaces thinking they live in a democracy, that indeed is one reason our foreign policy makers have favored Egypt for so many years.