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Bush: 'Important step' in Iraq

From NBC's Kelly O'Donnell and Domenico Montanaro
President Bush
spoke today in Nevada about the Iraqi political agreement reached over the weekend. Sources say the White House feels the development should be "viewed as important" while also saying the president will be careful. "No one wants to oversell it," the source said.

"Yesterday's agreement was an important step," Bush said. "But much more needs to be done."

VIDEO: President Bush congratulates Iraqi leaders on what he called a promising sign of politcal progress.

It was announced late Sunday that Iraq's five top political leaders agreed to welcome into the government former members of Saddam Hussein's Baath Party and to release thousands of Baath Party detainees, who have been held without charge. But Sunni Arab leaders said the agreement will do little to reincorporate minority Sunnis.