Essentially, when we run a deficit, we are borrowing money to buy things that are made overseas.
Peter DeFazioSimilarly, establishing a firm timeline for bringing our troops home could accelerate the development of Iraqi security forces and deepen their commitment to defending their own country and their own government.
Peter DeFazioAbout 75 percent of the crude oil marketed here is sold off the books, and they are doing trades that would be illegal if it was a regulated market, and of course they do not want to regulate it.
Peter DeFazioIn crude oil trading, we have seen a 46 percent increase over 1 year in the margins there.
Peter DeFazio