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The Carlyle Group, one of the world's largest private equity funds, may soon buy out the $2 billion dollar intelligence division of Booz Allen Hamilton, one of the biggest advisors to the U.S. spy community.

The president's remarks came the morning after the Senate handed the White House a major victory by voting to broaden the government's spy powers and to give legal protection to phone companies that cooperated in President Bush's program of eavesdropping without warrants.