By Steve Centanni, FOX News - Bio
WASHINGTON -- U.S. lawmakers are looking at those moves by the Egyptian President with a good deal of wariness -- not sure what direction the newly formed Egyptian government will take.
Violent clashes continued in central Cairo on Sunday with police using tear gas against demonstrators opposed to their President. While here at home, Senator John McCain is saying Egypt could pay a price if it takes a more authoritarian turn.
On "FOX News Sunday" with Chris Wallace, McCain said, "This is not acceptable. This is not what the United States of American taxpayers expect. And our dollars will be directly related to the progress towards democracy, which you promised the people of Egypt when you were -- when your party and you were elected President."
The Egyptian President expanded his powers and placed himself above judicial oversight just after he helped broker a Middle East cease fire.
Egypt stressed the move is only temporary -- designed to hold people accountable for corruption and crimes in the previous regime.
Nonetheless, Democrats in Washington are just as nervous as Republicans.
One leading Senator asked what message President Obama should deliver to the Egyptian leader.
"He has to express those concerns and say obviously we want this change to be -- not just democratic - but to also be supportive of stability and also to be protecting of minorities and human rights in Egypt," said Sen. Carl Levin, chairman of the Armed Services Committee.
And with that threat of instability, the Egyptian stock market took a dive, dropping more than nine percent.