BIRMINGHAM, Ala. - Alabama's largest county appears headed for the biggest municipal bankruptcy in U.S. history, a $3.2 billion mess created by the nation's credit crunch and a colossal, corruption-riddled sewer project.
Politicians in Jefferson County - which has 658,000 residents and includes the state's biggest city, Birmingham - are struggling to find a way out of the jam, but they have mostly abandoned talk of raising taxes and fees after running into fierce opposition at raucous public meetings.
Ala. county faces biggest US municipal bankruptcy (OneNewsNow.com)
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News, Ala. county faces biggest US municipal bankruptcy.
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