Washington (CNN) — An extraordinary House committee hearing began considering a contempt measure against Attorney General Eric Holder on Wednesday even though President Barack Obama asserted executive privilege over documents sought by the panel investigating the botched Fast and Furious gun running sting.

Darrell Issa (R Calif.), chairman of the House Oversight Committee, said he would not postpone contempt hearings scheduled for Wednesday until the Department of Justice handed over documents relating to the “Fast and Furious” program.

Washington (CNN) — A showdown meeting Tuesday between US Attorney General Eric Holder and the House Oversight Committee chairman failed to resolve their dispute, which could result in a contempt vote against the nation’s top prosecutor.

Issa said committee staff are evaluating the letter but described the move as too little, too late as he and other GOP lawmakers questioned the basis for the assertion.

Holder told reporters he would not turn over documents on the gun smuggling probe unless Issa agreed to another congressional briefing on the Justice Department material.

Holder said he offered to provide the documents to Issa on the condition that Issa provided his assurance that doing so would satisfy two committee subpoenas and resolve the dispute.

Elijah Cummings of Maryland, accused Issa of setting an “impossible standard” for Holder by demanding documents the attorney general is legally prohibited from providing.

The likelihood of a contempt vote rose after Holder and Issa failed to reach agreement Tuesday in a 20 minute meeting at the Capitol.

“For the past year, you’ve been holding the attorney general to an impossible standard,” he said, addressing Issa.

Added that she was “horrified” by the panel’s looming vote, calling it a “political witch hunt” and accusing Republicans of “overruling” the president.

If the vote proceeds, Republicans have more than enough votes on committee to pass the contempt resolution.

Unless at least some of the documents are handed over before the committee meets Wednesday morning, it will proceed in considering a contempt measure, Issa said.

However, Holder would not be considered held in contempt of Congress unless and until the full House approves the measure.

Asked about whether Issa was open to resolving the issue before the committee meets Wednesday, Holder said: “we think we actually are involved more in political gamesmanship” instead of a sincere effort to get the requested documents.

After Holder made the request to Obama via letter on Tuesday, Deputy Attorney General James Cole wrote to Rep.

In Operation Fast and Furious, the Justice Department’s initial incorrect denials are seen as providing justification for the additional demands.

“Although we are deeply disappointed that the committee appears intent on proceeding with a contempt vote, the department remains willing to work with the committee to reach a mutually satisfactory resolution of the outstanding issues.”.

Elijah Cummings, the top Democrat on the House oversight panel, said he after the meeting he is confident that Justice officials are not attempting a cover up by withholding documents.

Holder, in his letter to Obama requesting he assert executive privilege, said those documents pertain to the “deliberative process” on how to respond to congressional and media inquiries.

Wednesday’s developments follow a flurry of activity Tuesday, as Holder tried to negotiate a way to avert the contempt proceedings.

Issa had earlier indicated a willingness to postpone the vote after Holder indicated a willingness to make compromises and supply some documents in response to House Republicans’ subpoena.

But Issa told reporters after a roughly 20 minute meeting with Holder Tuesday that the attorney general instead briefed them on the documents in lieu of delivering them.

However, many of them showed up in crime scenes, including where US Border Patrol agent Brian Terry was killed in a shoot out.

“We want the documents. Brian Terry’s family would like the documents that are responsive to how in fact their son was gunned down with weapons that came from lawful dealers but at the … behest of the Justice Department,” Issa told Fox News.

However, because Justice initially told the committee falsely the operation did not use a risky investigative technique known as gun walking, the panel has turned its attention from the details of the operation and is now seeking documents that would show how the department headquarters responded to the committee’s investigation.

Issa further said during the committee meeting Wednesday that the purpose of the probe “has never been to hold the attorney general in contempt.

The failed Fast and Furious operation attempted selling thousands of guns to arms dealers along the US Mexico border to trace them to leaders of drug cartels.

“Holder called for the Capitol Hill meeting late Monday in a possible attempt to make a deal with Issa and avoid the contempt vote.”.

Bill Vanzyl is a business journalist based in Tokyo, Japan. Bill has a passion for financial markets and breaking news stories and loves writing about business news, stock market, and economic opinions that matters most to its audience. Bill spends a lot of time discovering and researching latest financial markets and industry news stories in order to make sure the latest and greatest stories are brought to you first on BigBoardNews.com.

Washington (CNN) — An extraordinary House committee hearing began considering a contempt measure against Attorney General Eric Holder on Wednesday even though President Barack Obama asserted executive privilege over documents sought by the panel investigating the botched Fast and Furious gun running sting.

Darrell Issa (R Calif.), chairman of the House Oversight Committee, said he would not postpone contempt hearings scheduled for Wednesday until the Department of Justice handed over documents relating to the “Fast and Furious” program.

Washington (CNN) — A showdown meeting Tuesday between US Attorney General Eric Holder and the House Oversight Committee chairman failed to resolve their dispute, which could result in a contempt vote against the nation’s top prosecutor.

Issa said committee staff are evaluating the letter but described the move as too little, too late as he and other GOP lawmakers questioned the basis for the assertion.

Holder told reporters he would not turn over documents on the gun smuggling probe unless Issa agreed to another congressional briefing on the Justice Department material.

Holder said he offered to provide the documents to Issa on the condition that Issa provided his assurance that doing so would satisfy two committee subpoenas and resolve the dispute.

Elijah Cummings of Maryland, accused Issa of setting an “impossible standard” for Holder by demanding documents the attorney general is legally prohibited from providing.

The likelihood of a contempt vote rose after Holder and Issa failed to reach agreement Tuesday in a 20 minute meeting at the Capitol.

“For the past year, you’ve been holding the attorney general to an impossible standard,” he said, addressing Issa.

Added that she was “horrified” by the panel’s looming vote, calling it a “political witch hunt” and accusing Republicans of “overruling” the president.

If the vote proceeds, Republicans have more than enough votes on committee to pass the contempt resolution.

Unless at least some of the documents are handed over before the committee meets Wednesday morning, it will proceed in considering a contempt measure, Issa said.

However, Holder would not be considered held in contempt of Congress unless and until the full House approves the measure.

Asked about whether Issa was open to resolving the issue before the committee meets Wednesday, Holder said: “we think we actually are involved more in political gamesmanship” instead of a sincere effort to get the requested documents.

After Holder made the request to Obama via letter on Tuesday, Deputy Attorney General James Cole wrote to Rep.

In Operation Fast and Furious, the Justice Department’s initial incorrect denials are seen as providing justification for the additional demands.

“Although we are deeply disappointed that the committee appears intent on proceeding with a contempt vote, the department remains willing to work with the committee to reach a mutually satisfactory resolution of the outstanding issues.”.

Elijah Cummings, the top Democrat on the House oversight panel, said he after the meeting he is confident that Justice officials are not attempting a cover up by withholding documents.

Holder, in his letter to Obama requesting he assert executive privilege, said those documents pertain to the “deliberative process” on how to respond to congressional and media inquiries.

Wednesday’s developments follow a flurry of activity Tuesday, as Holder tried to negotiate a way to avert the contempt proceedings.

Issa had earlier indicated a willingness to postpone the vote after Holder indicated a willingness to make compromises and supply some documents in response to House Republicans’ subpoena.

But Issa told reporters after a roughly 20 minute meeting with Holder Tuesday that the attorney general instead briefed them on the documents in lieu of delivering them.

However, many of them showed up in crime scenes, including where US Border Patrol agent Brian Terry was killed in a shoot out.

“We want the documents. Brian Terry’s family would like the documents that are responsive to how in fact their son was gunned down with weapons that came from lawful dealers but at the … behest of the Justice Department,” Issa told Fox News.

However, because Justice initially told the committee falsely the operation did not use a risky investigative technique known as gun walking, the panel has turned its attention from the details of the operation and is now seeking documents that would show how the department headquarters responded to the committee’s investigation.

Issa further said during the committee meeting Wednesday that the purpose of the probe “has never been to hold the attorney general in contempt.

The failed Fast and Furious operation attempted selling thousands of guns to arms dealers along the US Mexico border to trace them to leaders of drug cartels.

“Holder called for the Capitol Hill meeting late Monday in a possible attempt to make a deal with Issa and avoid the contempt vote.”.

Ciaran Song is a business journalist based in Seoul, Korea. Ciaran has a passion for financial markets and breaking news stories and loves writing about business news, stock market, and economic opinions that matters most to its audience. Ciaran spends a lot of time discovering and researching latest financial markets and industry news stories in order to make sure the latest and greatest stories are brought to you first on BigBoardNews.com.