Egypt's new president vows unity, but powers are limited

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. Under an interim constitutional declaration, the military council said it retains the power to make laws and budget decisions until a new constitution is written and a new parliament is elected. Though some shed tears of joy after Morsi's historic win, some remained skeptical about what the victory really means.