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© unknownProtesters in Cairo's Tahrir Square carry Egyptian police officers on their shoulders Sunday.
Egypt's military dissolved the country's Parliament and suspended its constitution Sunday following the ouster of longtime leader Hosni Mubarak, telling Egyptians it would be in charge for six months or until elections can be held.

The Supreme Council of the Armed Forces said it would appoint a committee to propose changes to the Constitution, which would then be submitted to voters. The council will have the power to issue new laws during the transition period, according to a communique read on state television.

Sameh Shoukry, Egypt's ambassador to the United States, said Sunday that the generals have made restoring security and reviving the economy its top priorities.

"This current composition is basically a technocratic government to run the day-to-day affairs, to take care of the security void that has happened, and to also address the issues related to the economy," Shoukry told CNN's "Fareed Zakaria GPS."

And a prominent Egyptian activist credited with helping spark the revolution warned against taking too long to establish a new representative government.

"Biggest mistake now is to give the Egyptian people too little too slow. Restoring confidence requires a faster pace," Wael Ghonim said on Twitter.

Mubarak stepped down Friday after 18 days of protests against his nearly 30-year rule and is now in the Red Sea resort of Sharm el-Sheikh. The longtime president was himself a product of the military establishment that has ruled Egypt since the 1950s, but his abdication leaves a council of generals led by Defense Minister Hussein Tantawi in charge of the Arab world's most populous nation.

Sunday's military communique said new elections would be held for both houses of Egypt's Parliament as well as the presidency. Protesters had blasted the November parliamentary elections as fraudulent, and calls for their annulment were among the major demands before Mubarak's ouster.