These are the fact sheet and a press release at the OSTP site,
http://www.whitehouse.gov/sites/default/files/microsites/ostp/big_data_fact_sheet.pdf
http://www.whitehouse.gov/sites/default/files/microsites/ostp/big_data_press_release.pdf
The fact sheet has links to agency specific sites for more details.
Among the press coverage, see the New York Times article:
http://www.nytimes.com/2012/03/29/technology/new-us-research-will-aim-at-flood-of-digital-data.html?_r=1
Big Data Administration will form the basis for success because it maximizes on a businesses' capability to capture value, worth, innovation, accuracy, outreach, and even ability to make
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