President Obama's conversation with the Russian President was caught on an open mic.

The two leaders were having a hushed conversation and apparently, a mic was close by… and it was turned on.

When journalists went through the tape, they heard Obama asking the Russian leader to wait until after the November election before pushing forward on a planned missile defense shield.

Here's what was said:

Obama: This is my last election…After my election I have more flexibility.
Medvedev: I understand. I will transmit this information to Vladimir.
Obama: On all these issues, but particularly missile defense, this, this can be solved but it's important for him to give me space.
Medvedev: Yeah, I understand. I understand your message about space. Space for you...
Obama: This is my last election… After my election I have more flexibility.
Medvedev: I understand. I will transmit this information to Vladimir.