The army is a revered institution in Egypt. And the big question is whether they will stand by the embattled president, even if he orders them to fire into the crowds.
Mubarak, meanwhile, appointed his first-ever vice president, Omar Suleiman, the head of Egypt's intelligence service. Suleiman has long been one of Mubarak's most trusted advisers. He is the chief go- between with Israel, and he also has deep ties to the United States.
But Egyptians in the streets tell us they don't see this as change. They tell us they won't stop until Mubarak and his whole circle are gone. What they want, they say, is the chance to freely elect their government for the first time in the history of this ancient land.
AMANPOUR: Perhaps no one is watching this situation more closely than Secretary of State Hillary Clinton, and she joins us this morning from the State Department.
Has the United States administration, whether yourself, whether the president, or Secretary Gates, told the Egyptian government specifically that any military crackdown will result in a cutoff of U.S. military assistance?
CLINTON: No. Right now, we're monitoring the actions of the Egyptian military, and they are, as I'm sure your contacts are telling you, demonstrating restraint, working to try to differentiate between peaceful protesters, whom we all support, and potential looters and other criminal elements who are obviously a danger to the Egyptian people.
We have sent a very clear message that we want to see restraint, we do not want to see violence by any security forces, and we continue to convey that message. There is no discussion as of this time about cutting off any aid. We always are looking and reviewing our aid.
But, you know, right now, we are trying to convey a message that is very clear, that we want to ensure there is no violence and no provocation that results in violence and that we want to see these reforms and a process of national dialogue begun so that the people of Egypt can see their legitimate grievances addressed.
AMANPOUR: Madam Secretary, do you believe that what President Mubarak has done already, which is to appoint a first-ever vice president and to shuffle the government, does that amount to enough reform? Is that all you've asked him to do?
CLINTON: Oh, of course not. But there has been for 30 years a both public and private dialogue with the Egyptian government, sometimes more public, sometimes more private, but all with the same message, from Republican and Democratic administrations, that there needs to be reform.
One of the items on that long list was appointing a vice president. That has happened. But that is -- that is the beginning, the bare beginning of what needs to happen, which is a process that leads to the kind of concrete steps to achieve democratic and economic reform that we've been urging and that President Mubarak himself discussed in his speech the other day.
AMANPOUR: There are people still on the streets in great numbers. On Tuesday, you said that the U.S. government's assessment is that the government of Egypt is stable. Do you believe that was a mistake? Or do you think today that the government of Egypt is stable?