CAIRO (AP) - He's rejecting demands that he step down immediately -- but Egyptian President Hosni Mubarak says he won't run for a new term in office in September.

In fact, he told Egyptians in a television address that he had never had any intention of running again.

His announcement isn't satisfying the protesters who've been on the streets for the past week, calling on him to leave power. The ones who are still gathered in a square in central Cairo chanted that they won't be leaving until he does.

Some 250,000 people gathered there today for the biggest of the demonstrations so far.

Mubarak said he would spend the rest of his term working to ensure a “peaceful transfer of power.”

He also vowed not to flee Egypt. The former air force commander says it's the country where he lived, and the one he fought for -- and he says it's where he will die.

Earlier, a visiting envoy of President Barack Obama told Mubarak the United States sees his presidency at an end.
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