Good morning from the Oval. President Obama has no public events today - unless he decides to pop in on his press secretary's final briefing. After two years of grilling at the hands of the White House press corps, Robert Gibbs is moving on. If you want to tune in for his last session in the briefing room, he's now scheduled to go on at 12:15 p.m. ET. Give yourself some time to wait, though. He's almost always running at least a little late.

Fow now, the president has nothing but his regular morning security briefing on his schedule. That's sure to be dominated, as it has been for more than two weeks, by events in Egypt. Will Egyptian President Hosni Mubarak heed Obama's pressure to be much more specific about the steps the Egyptian government will take to answer the demands of the people and move toward a representative democracy? Will the Obama administration finally make a sharp break with the Egyptian president? It's shaping up to be one of the most tense days yet on the streets of Cairo. Hundreds of thousands of angry demonstrators are in Cairo's main square now and fanned out across the city, including outside Mubarak's residence. The White House and the world will be watching.

Elsewhere in Washington, posturing continues ahead of Monday's release of Obama's fiscal 2012 budget. On Capitol Hill, Republican leaders in Congress already have released a list of cuts they say need to be made to address the deficit, and some in their rank-and-file have rejected the cuts for not going far enough. Today, House Democrats hold a noon news conference to press the case for what they argue will be job-creating investments in innovation and education, priorities Obama outlined in his State of the Union address last month.

Across town, thousands of conservative activists will be gathered at the Conservative Political Action Conference. One of Thursday's highlights: a speech by Donald Trump, who says he is considering a bid for president.

We'll be on top of White House reaction to any new developments in Egypt and we'll be there for Gibbs' final act as Obama's official mouthpiece. So stay tuned - and have a great Friday.