ABC's Sunlen Miller, Tahman Bradley and Jon Garcia report
At a quick stop before remarks at Northern Michigan University in Marquette, Mi., President Obama was asked about rumors that Egyptian President Hosni Mubarak could step aside at any moment.
The president, who has already been briefed several times Thursday about developments in Egypt, chose his words carefully.
"We're going to have to wait and see what's going on," the president told reporters at a candy store.
White House Press Secretary Robert Gibbs told reporters aboard Air Force One that the administration is monitoring the situation.
“We're watching a very fluid situation," he said. "What we are looking for remains unchanged."
The president and his staff were watching developments from a conference room aboard Air Force One while en route to Michigan.
Gibbs said the crowds in Egypt continue to grow because the people there don’t feel like their demands are being met.
There was no further word on if or when the President would be reaching out to Mubarak directly.