The president will make a major speech on Iraq later this morning. 'Iraq is back,' according to NBC News' First Read:

"Already, we have closed or turned over to Iraq hundreds of bases," Obama is expected to say, according to excerpts. "We're moving out millions of pieces of equipment in one of the largest logistics operations that we've seen in decades. By the end of this month, we'll have brought more than 90,000 of our troops home from Iraq since I took office." But the White House is wary of echoing Bush's "Mission Accomplished, and the president will remind the public that thousands of troops will remain in the country, the Washington Post writes. "We will maintain a transitional force until we remove all our troops from Iraq by the end of next year," he will say.

We'll be streaming the president's speech on Iraq live at 11:30 a.m. ET at this URL: http://bit.ly/amCZ9G.