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Peter A. Defazio

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"I'm not aware that Congress is doing anything," said Rep. Peter A. DeFazio, Oregon Democrat. "I don't think anybody wants to wade into it." (AP Photo/Don Ryan)

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Rep. Peter A. DeFazio, Oregon Democrat, complained "the problem is that this Congress has failed to appropriate enough money to keep up with the projects we authorize." He said his amendment will speed up the approval process and help clear the backlog. (ASSOCIATED PRESS)

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“The first step on the long path to recovery happens when we rein in the excessive speculative activity that has destabilized our financial system,” says Rep. Peter A. Defazio, Oregon Democrat, of the transaction tax. (Associated Press)