
Caption
A general view of the city of Birmingham, Alabama, August 9, 2011. Alabama's Jefferson County submitted a second offer to creditors in an attempt to settle its $3.14 billion sewer bond debt, the county commission president said on August 8, 2011. Commissioner David Carrington gave no details of the contents of the latest offer. Jefferson County is struggling to avoid what would be the largest municipal bankruptcy in U.S. History. REUTERS/Marvin Gentry (UNITED STATES - Tags: BUSINESS)