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.

Darrell Issa, R California, met for about 40 minutes to discuss Issa’s demand for more documents relating to Operation Fast and Furious, a botched federal firearms sting operation that allowed weapons to reach Mexican drug gangs.

Prepping for #contempt proceedings against #Holder for #FastAndFurious stonewalling.

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.

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.

Letter from Holder requesting privilege (PDF)Letter informing Issa that Obama is asserting privilege (PDF).

Julia Macdonald is a business journalist based in Cairns, Australia. Julia 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. Julia 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.