NEW YORK

President Barack Obama said on Sunday that Democrat and Republican leaders had reached an agreement to reduce the U.S. deficit and avoid default, but it was not clear if the spending cuts were deep enough to stave off a credit rating downgrade. The White House said the compromise would cut about $2.5 trillion from the deficit over the next 10 years but the reductions would not happen so quickly that they would drag on the fragile U.S. economy.

INTERNATIONAL BUSINESS TIMES meets with fashion designer and rising star Amy Matto

Controversial wide receiver Plaxico Burress signed with the New York Jets, the National Football League team said on Sunday.

Sticky heat was expected to smother much of the country's midsection in the coming days as hotter-than-usual temperatures continued to roast parts of the Midwest and South, forecasters said on Sunday.

Lawmakers were close to a last-ditch $3 trillion deal on Sunday to raise the U.S. borrowing limit and assure jittery financial markets that the United States will avoid a potentially catastrophic default.

The 21-year-old daughter of actor Al Pacino was arrested in Manhattan for driving while intoxicated, police said on Sunday.

On Saturday 1:30 a.m. local time, an airplane landed on a runway in a Guyana airport, slid off the path, and broke into two parts in a bizarre accident that left 30 people injured, reported ABC News.

Basketball's international federation (FIBA) has given its approval for locked-out National Basketball Association (NBA) players to compete overseas during the work stoppage, it said on Friday.

The new Google+ games are expected to arrive with major technical differences.

Wenger said that his soon-to-depart captain loves both Arsenal and Barcelona at the same time which proves his honesty.

Henry also said that he wants to return to Arsenal in the future in an off-field duty.

A Caribbean Airlines jet from New York overshot the runway after it had just touched down Cheddi Jagan International Airport at Georgetown, Guyana, and broke apart injuring several dozens of people.

The only known transparent "Ghost Car" was sold at an auction for $308,000

Erika Hughes, 24, was walking alone in a busy road in Mastic, Suffolk County at 11:59 p.m., when a dark colored truck slammed into her and sent her flying across the road onto the curb. The callous driver sped off without stopping to see if the woman was alright.

Wild boar are invading the farms of central New York state, attacking livestock, killing family pets, chasing people and posing "devastating consequences" for the area, federal officials warn.

Some car enthusiasts prefer black - some red. But a buyer at a Michigan auction Saturday got a truly one-of-a-kind color -- transparent.

A bitter labor dispute was almost forgotten as players flooded into training camps on Saturday to prepare for a National Football League (NFL) season that only a few days ago had appeared in jeopardy.

A packed Caribbean Airlines jet carrying 163 people crashed and broke in two on Saturday as it landed in Guyana at night, injuring several passengers but killing no one.

Young declares this year's Philadelphia Eagles "the dream team."

Apple Inc. (Nasdaq: AAPL) has more cash than the government of the Unites States.

When President George W. Bush learned that two planes had barreled into the World Trade Center buildings on Sept. 11, 2001, he was sitting in front of a group of children reading aloud. So as to not cause alarm, he remained calm and stoic. And for it, he received much flak.