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Impact on Poor Bedevils Deal

"Holders of more than $3 billion in debt issued by Jefferson County, Ala., are about $100 million away from a deal to avert the biggest municipal bankruptcy-protection filing in U.S. history.  But there is a hitch: As a Friday deadline looms, debt-restructuring talks have been snarled by the deal's potential impact on poor residents, people familiar with the matter said."

Read the full story at the Wall Street Journal

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