House Financial Services Committee chairman Spencer Bachus, R-Ala., last week told mayors in Jefferson County that he believes the right decisions will be made by county commissioners dealing with the sewer debt crisis, according to the Birmingham News.

The County Commission on Aug. 12 rejected a settlement offer with Wall Street creditors and insurers, and appointed two members to negotiate directly with those holding the troubled sewer debt.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.