A short review of physics results obtained in the Magnetic Reconnection Exp
eriment (MRX) is given with an emphasis on the local features of magnetic r
econnection in a controlled environment. Stable two-dimensional (2D) curren
t sheets are formed and sustained by induction using two internal coils. Th
e observed reconnection rates are found to be quantitatively consistent wit
h a generalized Sweet-Parker model which incorporates compressibility. unba
lanced upstream-downstream pressure, and the effective resistivity. The lat
ter is significantly enhanced over its classical values in the low collisio
nality regime. Strong local ion heating is measured by an optical probe dur
ing the reconnection process, and at least half of the increased ion energy
must be due to nonclassical processes, consistent with the resistivity enh
ancement. Characteristics of high frequency electrostatic and electromagnet
ic fluctuations detected in the current sheet suggest presence of the lower
-hybrid-drift like waves with significant magnetic components. The detailed
structures of current sheet are measured and compared with Harris theory a
nd two-fluid theory.