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News

Lenders mulling new offer in Alabama debt standoff (Washington Post)
BIRMINGHAM, Alabama (Reuters) - Alabama's Jefferson County and lenders pulled back from the brink of a threatened bankruptcy filing on Friday after the county proposed restructuring $3.2 billion of soured sewer debt.

Alabama governor in talks to avoid local bankruptcy (Reuters via Yahoo! News)
Alabama's governor and Wall Street lenders bargained on Friday ahead of the expiration of a stand-still pact in a bid to avert a bankruptcy filing on $3.2 billion of debt by the state's most populous county.

Alabama county tries to avoid huge bankruptcy (The Philadelphia Inquirer)
BIRMINGHAM, Ala. - Alabama's largest county offered a plan yesterday to restructure its $3.2 billion sewer debt and, at least for now, put off filing the largest bankruptcy in U.S. history.

Alabama Guard team settling into Afghanistan assignments (Birmingham News)
The newest Alabama Army National Guard training team to arrive in Afghanistan has been split for different assignments in different parts of the country.

Alabama Marine Police prepare for Labor Day (The Gadsden Times)
The Alabama Marine Police are expecting a busy holiday weekend on area lakes, but officers are keeping a close eye on Tropical Storm Gustav.

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