Mark Memmott

While saying there was no violence involved in the May incident at a New York City hotel that led to his arrest on a sexual assault charge, former International Monetary Fund managing director Dominique Strauss-Kahn has admitted making a "grave moral mistake" during what he says was a consensual encounter with a maid.

"I regret it infinitely," he said.

President Obama this morning outlines a deficit-reduction plan that his economists say would reduce anticipated federal budget deficits by about $4 trillion over the next decade.

The Jefferson County Commission in Alabama approved a plan today that could mean the county will avoid having to declare bankruptcy because of a $3.1 billion debt.

The Birmingham News cautions, though, that "the agreement [with creditors] is only a framework or a concept to settle the crisis, and work remains toward crafting a definitive, binding deal."

It's one of this week's "viral video sensations," as ABC News' Technology Review says.

Oregon senior citizens Bruce and Esther Huffman were playing with their new laptop and trying to figure out how to use its camera function. They ended up inadvertently making a video that's been watched more than 4 million times since a granddaughter put it on YouTube last month.

Giant African Snails, "one of the most damaging land snails in the world," have invaded a southwest Miami subdivision and are now the focus of "a time-consuming expensive counter-attack" by authorities, the Miami Herald reports.