To coincide with their appearance on 'The Late Show with David Letterman' in New York all this week, the city's mayor, Michael Bloomberg, has temporarily renamed a Manhattan street in the band's honour.
Reuters reports that part of 53rd Street, where Letterman's programme is recorded, has been renamed U2 Way.
U2 singer Bono told reporters: "The Beatles had 'Penny Lane', Elvis lived on the end of 'Lonely Street'.
"We're here somewhere between 10th Avenue and funky, funky Broadway, somewhere south of Duke Ellington Way and north of Joey Ramone Place we find ourselves... where the streets have no name."
Mayor Bloomberg said that the renaming of the block would last one week.
"It's a beautiful day, to quote a famous Irish rock band," he said.
"Everyone in this city, including me, considers these four Dubliners honorary New Yorkers."
The Mayor gave the four members of U2 their own street signs, with Bono joking: "Edge just said this is the first time he's been seen with a street sign and not been arrested."
U2's new album, 'No Line on the Horizon', was released in the US yesterday.
