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Jefferson Official Sees ‘Sticking Points’ in Talks on Debt

Jefferson County Commission President David Carrington said there are probably “30 sticking points” in talks with creditors over restructuring $3.1 billion of sewer-system debt that has brought the municipality to the verge of bankruptcy.

The county last week postponed a decision on whether to enter the largest-ever municipal bankruptcy and extended negotiations on reorganizing the debt it has struggled to repay. Commissioners called a special meeting for 2 p.m. New York time Aug. 4.