Obama to Issue National Auto Emissions Standard: All Cars Must Get 42 MPG by 2016

After much speculation, news just broke that Obama is going to announce a national emissions standard tomorrow--and it's going to be tough. As tough as California's, in fact, which is the strictest in the nation. Indeed, Obama is combining the corporate average fuel economy (CAFE) standard with California's new emissions law--and the result is great news: cars will be 30 percent more efficient by 2016, as all cars sold then must get 42 miles per gallon.