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President Barack Obama
President Barack Obama (Molly Riley, Pool/Getty Images)
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Obama to seek to bust spending limits by $74 billion

President Barack Obama will ask Congress to boost government spending by roughly 7 percent above current limits, the White House said Thursday, setting up a certain clash with Republicans who insist that federal spending must be held in check.

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Job interview
Steve Frost, ThinkStock
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How can New Jersey attract more jobs?

New Jersey's unemployment rate may be down, but finding a job is still tough in the Garden State. Only 29,000 jobs were added in 2014, according to the state Department of Labor and Workforce Development, and the job market grew only 0.7 percent compared to a 2.1 percent gain for the rest of the nation.

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Barack Obama
President Barack Obama speaking at Pellissippi State Community College, in Knoxville, Tenn. Jan. 9. (AP Photo/Carolyn Kaster, File)
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CBO: Deficit to shrink to lowest level of Obama presidency

Solid economic growth will help the federal budget deficit shrink this year to its lowest level since President Barack Obama took office, according to congressional estimates released Monday.

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Federal Reserve Chair Janet Yellen Holds News Conference
Federal Reserve Chair Janet Yellen holds news conference on Sept. 17, 2014 (Mark Wilson, Getty Images)
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Low inflation likely to keep Fed ‘patient’ about a rate hike

The Federal Reserve ended 2014 with a pledge to be "patient" in raising interest rates from record lows. The way things are going, its patience may endure for a long while.

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