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Apr 8, 2010 8:52 AM by Bea Karnes, News First 5

President Obama in Prague to sign arms deal

President Barack Obama and Russia's President Dmitry Medvedev have signed a major treaty to shrink their arsenals of nuclear warheads.

In a simple ceremony inside an elaborate room in Prague, Obama said the arms pact sets the stage for further cuts in nuclear arsenals. He said the U.S. and Russia have agreed to expand discussions on missile defense, and to assess ballistic missiles.

The new treaty, which has been dubbed "New START," will reduce the nuclear warheads of the two countries to 1,550 each over the next seven years. That's a drop of about one-third.

The treaty must be ratified by the U.S. Senate and the Russian legislature.

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