BIRMINGHAM, Alabama -- An explosion that shut down a Jefferson County sewer plant this week will cost about $80,000 to repair, said David Denard, director of the county's environmental services ...

Jefferson County is currently $4.2 billion in debt, including $3.1 billion for the sewer project, to creditors including JPMorgan (JPM, Fortune 500) and Bank of America (BAC, Fortune 500).

Jefferson County, Ala., has closed the sale of nearly $1.8 billion in new debt and emerged from the nation's second-largest municipal bankruptcy.

Jefferson County, Alabama, declared the largest municipal bankruptcy in U.S. history, capping a more than three-year saga that turned it into one of the biggest casualties of Wall Street’s ...

Bad news from (and for) Jefferson County, Alabama. (Reuters) - Alabama's Jefferson County filed for bankruptcy court protection on Wednesday in the biggest municipal bankruptcy in U.S. history.

This file photo shows a Jefferson County sewer manhole cover in Railroad Park in Birmingham, Ala. Leaders of Alabama's most populous county voted to file an estimated $4.1 billion bankruptcy.

Bloomberg has done an excellent write-up of yet another gnarly development for Jefferson County, Alabama, the locale that was on the business end of a multibillion-dollar fleecing at the hands of ...