This has been all over the New York Times (to give just one example):

http://www.nytimes.com/2012/01/01/us/politics/obama-signs-mi...

More in the L.A. Times: http://www.latimes.com/news/nationworld/nation/la-na-obama-d...

MSN/MSNBC covered it, as did Rachel Maddow on her show. I couldn't find anything recent on Fox News or the Wall Street Journal so maybe the "media blackout" is just the right wing press.