Update: Is the White House protecting Obama adviser David Axelrod in this? Last week Axelrod denied having meetings with Attorney General Holder, but Holder testified under oath in Congress that such meetings took place. If Axelrod and Holder met and discussed Fast and Furious in 2011, the time period covered by the contempt resolution, then the executive privilege assertion may be an effort to shield Axelrod.

Update: Sen. Chuck Grassley (R-IA) is asking some very pointed questions.

“How can the president assert executive privilege if there was no White House involvement? How can the president exert executive privilege over documents he’s supposedly never seen? Is something very big being hidden to go to this extreme? The contempt citation is an important procedural mechanism in our system of checks and balances,” he said.

Update: Asserting executive privilege has forced MSNBC to cover Fast and Furious. Kelly O’Donnell spent about half a minute describing the scandal, which she described as a gunrunning scandal that resulted in the death of Border Patrol Agent Brian Terry and hundreds of Mexican citizens. She left out ICE Agent Jaime Zapata, whose murder is also suspected of being connected to Fast and Furious.

Update: Check the Scuttlebutt over on the Tatler’s right hand side. I’ve posted several interesting video flashbacks related to Fast and Furious.

Update: One week ago, AG Holder claimed under oath before the Senate Judiciary Committee that Bush AG Michael Mukasey knew about Fast and Furious. Today, Holder has reportedly retracted that claim.

Which was made under oath.

Update: PJM’s Andrew McCarthy weighs in on Obama’s executive privilege move. PJM’s Bridget Johnson is covering the hearings on the Hill today and will have more here and on the front page.

ALSO READ: What to Make of Obama’s Executive Privilege Move?