BIRMINGHAM, Ala. (AP) - Jefferson County commissioners hope a deal can be reached in the bond crisis, possibly later this week.
The county had hoped to reach a deal with Wall Street financial creditors over a new plan to resolve the county's sewer debt crisis. The county's latest proposal calls for sewer rate increases and for creditors to assume hundreds of millions of dollars of the county's sewer debt. Commissioners vote Monday to extend talks until the end of the month.
Commissioner Jim Carns says he believes the county could know as soon if it will reach a deal, or if the county will have to declare bankruptcy.