end of the year, tax cuts expire. bunch of automatic spending cuts that go in the place. and what you need to do to help make sure the economy is strengthening is give american people more confidence the political leaders in washington will come together, make a compromise they need to make another substantial down payment on the long-term deficit production. bret: this afternoon, president obama signed a law making members of congress the exective branch and federal workers subject to the same insider trading stock laws as everyone else. the rules prohibit those people from profits from the nonpublic information learned on the job. stocks took a tumble today. the dow dropped 125. the s&p 500 lost 14. the nasdaq fell 45. gasoline was up a half penny overnight. the national average is now $3.93 a gallon. crude oil lost $2.50 to close under $102 a barrel for the first time since mid-february. now to oil and politics.
issues. the environment, for instance, where the administration has been unable to pass the cap and trade law to review the carbon emissions. of course, the new healthcare law will require dozens if not hundreds of regulations to implement it. the real question for us to wrestle with is to whether or not the exective branch should just be able to do anything it wants and can t get through congress. the answer is no. congressional review act allows congress to pass judgment on any new regulations. congress is going to step up and say wait a minute, we want our say-so as well. have an up or down vote by elected members of congress. that is congress taking authority back from the executive branch. from the voting, lawmakers could address any new regulation, and in the senate, a vote cannot be blocked by a filibuster, meaning a new regulation should be rejected by simple majority instead of 60 votes. not only that, if the house blocks regulation, the issue goes immediately to the s