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This paper presents a survey of congestion control approaches in high speed wired network by taking into account both directions of congestion control research: source based and router based congestion control. Various survey papers reported in the literature, regarding congestion control approaches, have considered source based approach and router based approach independent to each other and take either of them into account. Both research directions are closely related to each other for a particular network domain and are equally important. It is a practicable idea to take a holistic view and study both the approaches together. The main motivation of this work is to summarize both approaches, interaction between both approaches, identify major issue and challenges in congestion control and motivate further research on this topic.