Crowds in Tahrir Square cheered and launched fireworks after the military announced Mohamed Morsi has been ousted as president and replaced by the chief justice of the constitutional court.
July 3, 2013

Tahrir video: Egypt's Morsi ousted, Cairo explodes in fireworks.
H/T Scarce for the video

Crowds in Tahrir Square cheered and launched fireworks after the military announced Mohamed Morsi has been ousted as president and replaced by the chief justice of the constitutional court. In a televised statement, General Abdel Fattah al-Sisi said the constitution will be suspended and examined by a panel. He also called for presidential and parliamentary elections, and said the roadmap had been agreed on in consultation with various political groups. "All necessary measures will be taken to empower youth in civic dialogue and national reconciliation," al-Sisi said.

Via Al Jazeera.

UPDATED:
Mohammed Morsi has been ousted as President by the military:

The Egyptian military has announced the removal of Mohammed Morsi as president, presenting a roadmap for reconciliation in the country.In a televised statement on Wednesday, Egyptian military chief Abdel Fattah al-Sisi announced that the plan calls for the temporary suspension of the constitution and the institution of a technocrat government. The chief justice of the constitutional court will lead the country in the interim.Tahrir Square, where thousands of people had gathered during the day, erupted in celebrations as soon as the news was announced.According to the Associated Press, an aide to Morsi said the Muslim Brotherhood leader has been moved to an undisclosed location.

More from the Associated Press:

CAIRO (AP) -- Egypt's military has ousted the nation's Islamist president, replacing him with the chief justice of the Supreme Constitutional Court, calling for early presidential election and suspending the Islamist-backed constitution.Army chief Abdel-Fattah el-Sissi, in a televised address to the nation on Wednesday, said a government of technocrats will be appointed to run the country during a transition period he did not specify.An aide of ousted President Mohammed Morsi, Ayman Ali, said the former leader has been moved to an undisclosed location. He gave no details.Cheers erupted among millions of protesters nationwide who were demanding Morsi's ouster. Fireworks lit the Cairo night sky. Morsi supporters elsewhere in the city shouted "No to military rule."

Morsi Put Under House Arrest

Muslim Brotherhood leadership has confirmed to CNN that President Mohamed Morsi has been placed under “house arrest,” along with his presidential team. Earlier, President Barack Obama called on the country’s military to quickly turn power over “to a democratically elected civilian government.” Obama stopped short of calling it a coup, but said he is “deeply concerned” with the events that unfolded. “I now call on the Egyptian military ... to avoid any arbitrary arrests of President Morsi and his supporters,” Obama said, and urged all sides to resolve the conflict peacefully.

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