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Egyptian demonstrators demand Morsi abdicate new powers

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    Tension builds in Egypt as President Morsi makes power grab

  • Duration 1:30
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-- martyrs square the scene of another battle for power in Egypt.

This time hundreds of demonstrators organizing -- -- and to protest that power grab by the new Egyptian president Mohamed Morsi.

Looked on the local -- -- we demand the president open to dialogue with all political Paris -- -- here.

And -- since his new declaration.

Morsi issued a -- -- basically placed himself above the law and extended this same protection to keep bodies dominated by his Islamist allies.

Parliament's upper chamber and the panel in charge of drafting a new constitution.

Demonstrators are worried more sees Muslim Brotherhood is looking to dominate the post Mubarak era.

-- after winning the first democratic parliamentary and presidential elections this year.

This the -- in the club the people elected him so he would defend people.

Not do -- he pleases -- office said he would meet Egypt's highest judicial authority the supreme judicial council on Monday.

And the council -- -- at compromise.

The crisis taking its hole on the country's already fragile economy.

-- its stock market fell more than 9% on Sunday.

-- issued the decree just that day after receiving praise from Washington.

For his work brokering a deal and eight days of violence between Israel and Hamas Washington officials have criticized the recent moves by Egypt's president and they have leverage.

For sending billions of dollars in military aid to Egypt.

Each year in Cairo Steve Harrigan Fox News.