Breaking: Egyptian Military Removes President Morsi and Suspends Constitution

Al Hayat TV is reporting that Egypt's President Mohammed Morsi is under house arrest. However, Morsi's spokesman denied the report to ABC News.
On Tuesday, Egypt's military imposed a deadline for Morsi to resolve the situation after days of massive protests broke out around the country. Earlier on Wednesday, Egyptian leaders met with the army chief, "signaling the military was taking concrete moves toward implementing its plan to replace Morsi, Egypt's first freely elected leader who came to office a year ago."
The military moved to tighten up key institutions before the deadline. They "stationed officers in the newsroom of state television on the banks of the Nile River in central Cairo. Troops were deployed in news-production areas."
Morsi gave a defiant speech on Tuesday night, refusing to leave office.