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Alabama County Extends Talks to Avoid Record Muni Bankruptcy

Jefferson County, Alabama, extended negotiations for a week about a possible settlement that would avert the largest municipal bankruptcy in U.S. history.

Talks among the governor, the system’s court-appointed receiver and creditors owed more than $3.1 billion on sewer-system bonds will be extended until Aug. 4, according to a news release from David Carrington, president of the County Commission.