IBT Staff Reporter

President Barack Obama called on Republican and Democratic leaders on Monday night to reach a fair compromise on raising the debt ceiling to avert a reckless and irresponsible national default.

The Congress faces an August 2 deadline for raising the government's $14.3 trillion limit on borrowing and averting a potentially catastrophic default.

China's top search engine Baidu Inc forecast revenue well ahead of Wall Street's expectations as large advertisers increased spending, sending its shares up around 7 percent.

The God particle is thought to give mass to the basic building blocks of nature. Research has scientists believing that the Higgs boson has a mass between 114-185GeV (gigaelectronvolts).

A planetary nebula is an emission nebula consisting of an expanding glowing shell of ionized gas ejected during the asymptotic giant branch phase of certain types of stars late in their life.

Milky Way Over Abandoned Kilns, NGC 2403 in Camelopardalis, Noctilucent Clouds Over Edmonton, Atlantis Farewell from Parkes

Money managers sitting on piles of cash are sniffing out opportunities to make a killing on the political circus in Washington over raising the nation's debt ceiling.

This is a story that was never supposed to be written -- the one in which investors draw up strategies for a U.S. Government default.

A group of physicists at the Hong Kong University of Science and Technology found out that a single photon cannot travel faster than the speed of light in vacuum. The study reaffirms Einstein's theory that nothing travels faster than light, and most sadly, proves the impossibility of achieving the humanity's dream of time travel.

Norway's police believe Anders Behring Breivik probably acted alone in killing 76 people last Friday, and Norwegians united in revulsion against the worst attack in the Nordic nation since World War Two.

Oregon Democratic Congressman David Wu, accused of an unwanted sexual encounter with the teenage daughter of a campaign contributor, has decided not to run for reelection next year, a spokesman said on Monday.

President Barack Obama will warn Americans on Monday that failure to reach a political compromise in Congress to raise the debt ceiling will do incalculable damage to the United States.

Boeing Co is set to delay the first delivery of a stretched version of its 787 Dreamliner from 2013 to 2014, the West Australian newspaper reported on Monday.

A former portfolio manager for Moore Capital Management agreed on Monday to pay the U.S. futures regulator $1 million to settle charges that he attempted to manipulate prices of palladium and platinum futures contracts on the New York Mercantile Exchange.

Memo to Washington from corporate America: unemployment is high, confidence is low and your bickering over the country's debt is the last thing we need.

The Oakland Raiders have essentially given up on re-signing Nnamdi Asomugha.

The head of a U.S. agency that helps respond to cyber attacks resigned suddenly after several high-profile attacks on government computer systems but the Department of Homeland Security declined Monday to comment on the reason.

Google is giving people the boot from Google+ for quality control purposes.

Researchers from Hong Kong University of Science and Technology have determined time travel is impossible.

Researchers at the European Organization for Nuclear Research (CERN) say they will figure out if Higgs boson is real or not by the end of 2012.

Top lawmakers rolled out dueling debt plans on Monday that offered little prospect for compromise, increasing the threat of a ratings downgrade and national default, as President Barack Obama prepared to address Americans on the impasse.

A new report says Apple will likely come out with the iPhone 5 in September.

Raw film footage of Michael Jackson rehearsing a planned concert in the days before his death will not be shown to the jury in the upcoming trial of his personal doctor, a Los Angeles judge ruled on Monday.

Katy Perry believes keeping "good people around" helps her deal with the pressures of being one of the world's biggest pop stars, which currently has her on a global concert tour and taking part in her first movie.

Texas Instruments Inc gave a lukewarm outlook for the current quarter, suggesting that back-to-school sales of computers and other consumer electronics would be weaker than normal.

Several members of Michael Jackson's family unveiled plans on Monday for a tribute concert to the late King of Pop, but performers were unnamed leading to a less-than-thrilling announcement for the "Thriller" singer.

Nothing draws U.S. television viewers like American football, so the labor agreement reached between National Football League (NFL) players and owners on Monday was a win for everyone, market experts said.

The National Football League (NFL) and its players ended their months-long row over how to carve up their financial empire Monday by agreeing to a multi-billion dollar, 10-year deal.

The New York Public Library will waive the outstanding fines of up to 143,000 city children currently barred from borrowing new items on the condition they do one thing: read.