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What is executive privilege and what does it mean for F&F investigation?

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As we've reported, President Obama is exercising his right to executive privilege to shield Attorney General Eric Holder from contempt charges and in following through with subpoena requests from the House Oversight Committee investigating the Justice Department's Fast & Furious Mexican gunwalking scandal. Here's a little background on the exercise of executive privilege and what this move potentially means for the continuing investigation...

In the U.S. government, executive privilege is a power claimed by the president and other members of the executive branch to resist certain subpoenas and interventions by the legislative and judicial branches. Although the concept of executive privilege is not explicitly mentioned in the U.S. Constitution, the Supreme Court has ruled that it can be exercised as another form of checks and balances in the federal government.

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