The Associated Press has obtained a secret report by the International Atomic Energy Agency, or IAEA, that shows that Iran is now able to build a nuclear bomb.

The IAEA is the world's leading atomic watchdog.  It is denying the report the AP says it found. The AP says the the report shows Tehran has the ability to make a nuclear bomb.

"We know that the Iranians have enough lowly enriched uranium that if further enriched will make a nuclear bomb," said nuclear expert Gordon Chang. "We're pretty sure that if the Iranians can't make a bomb today, they can make one in a year."
   
The news about Iran came hours after President Obama announced he would scrap a missile defense shield based in eastern Europe. The Bush administration designed the shield to protect the U.S. from long-range missiles in Iran.  However, the U.S. is now focused on shorter range missiles that could strike allies in Europe, the Middle East and Asia.

"Our new missile defense architecture in Europe will provide stronger, smarter and swifter defenses of American forces and America's allies," Obama said.
   
The new policy reverses a Bush plan which angered the Russian government. Republicans say it is a cave-in to Soviet pressure.

In Russia, it will be seen as a victory. It will be seen as Russian victory in Poland," said military expert Pavel Felgenhauer

"This ill-advised decision does little more than empower Russia and Iran at the expense of our European allies," said House Minority Leader John Boehner, R-Ohio.
    
Next week, President Obama chairs a United Nations Security Council meeting on nuclear issues. Some analysts believe this latest policy move is designed to entice Russia into supporting more sanctions against Iran.