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members were legally allowed to use inside information, information they learned through briefings or reports to make money. something regular people like us would be arrested for. why does congress get a pass on this? it s really the way the rules have been defined and the people who make the rules are the political class in washington, and they ve conveniently written them in such a way that they don t apply to themselves. reporter: the buying and selling of stock by corporate insiders who have access to nonpublic information that could affect the stock price can be a criminal offense. just ask hedge fund manager who recently got 11 years in prison for doing it. but congressional lawmakers have no corporate responsibilities and have long been considered exempt from insider trading laws, even though they have daily access to nonpublic information and plenty of opportunities to trade on it. we know that during the health care debate, people were trading health c ....
tom davis. i m candy crowley. and this is state of the union. the president said he wanted a deal by friday so lawmakers met with him at the white house day after day after day. they took a break friday, and the president pushed again. if washington operates as usual and can t get anything done, let s at least avert armageddon. joining me now, white house budget director jacob liu. thanks for being here this morning. good to be with you, candy. we are told by hill sources that since the last white house meeting on thursday and this morning there has been no progress. do you concur? i think quite a bit has been going on since the meeting at the white house on thursday night. there s been activity. has there been progress? there s been activity and progress i think on two fronts. first, there are substantial discussions going on in the senate between the two leaders to make sure that at a minimum congress has a way to take action and avoid default on the u ....