Right now, according to a Democratic aide, former deputy AG Eric Holder and Perseus LLC vice chairman James Johnson are meeting on with House Speaker Nancy Pelosi. The meeting is in Pelosi's office on Capitol Hill.

Here's what this tells me:

The veepstakes process is in the information gathering phase; the vetters will interview dozens of Democratic officials and get a sense from them what they think about any number of candidates and potential issues. After the information gathering phase comes the vetting phase, where candidates turn over reams of information and sit through hours-long interviews with discrete lawyers.

A Pelosi spokesman declined to comment.

Time reports that the two met with Sen. Maj. Leader Harry Reid earlier today. And CBS News reports that they met with Whip James Clyburn and Minority Leader Steny Hoyer. Vetter Caroline Kennedy did not attend the half-hour long meetings.

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