trading volume was heier with one billion shares moving on the big board and over two billion on the nasdaq. on capitol hill, energy secretary steven chu defended the white house on its handling of a half-billion dollar loan to the now-bankrupt solyndra. testifying before the house energy and commerce committee, chu denied that the administration had rushed funding to the solar panel maker without properly vetting its financial health. >> susie: more now from my exclusive interview with new york fed president bill dudley. we continue now with his thoughts on fiscal stimulus. i asked him if the payroll tax cuts that expire in a few weeks should be extended. >> i'm not going to talk about particular programs. i would say though that if we do nothing, fiscal policy in 2012 is going to be very restrictive to the tune of more than 1% of gdp. that seems like an awful lot of fiscal restrain at a time that the economy is only growing at a moderate pace. it seems to me a better fiscal policy path would be to have less restraint over the near term accompanied by a credible long term program of

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