1. Preheat oven to 325 degrees.
2. Combine rub ingredients (salt, pepper, chili powder, bay leaves) in a small bowl.
3. Rub meat completely in liquid smoke. place meat fat side up in roasting pan. Sprinkle evenly with dry rub.
4. Cover with foil and bake 4 hours.
5. Scrape off excess seasoning and fat. Slice thinly against the grain.

To make sauce:
Combine all ingredients in a saucepan and cook, stirring frequently for 10 minutes.

Notes: Jenn and Jeremy insist that brisket does not refer to the cut of meat, but to the preparation method. They use a high quality tri-tip steak. The difference in the final product is minimal, but the brisket is substantially less expensive. (And, in fact, a brisket recipe is designed to be prepared with brisket.)
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