Jefferson County has long been the canary in the municipal bond market coal mine – a sign that there were big problems brewing in the market for local government debt that could spread like the bank problems in 2008, and

MONTGOMERY, Ala. — Alabama's most populous county filed what became the largest municipal bankruptcy in U.S. history in an effort to retake control of its beleaguered sewer system and wipe away as much of its

Jefferson County, Alabama filed the largest municipal bankruptcy in U.S. history on Wednesday after the County Commissions found its billions

By Melinda Dickinson BIRMINGHAM, Alabama (Reuters) – Alabama's Jefferson County filed for bankruptcy court protection on Wednesday in the biggest municipal bankruptcy in US history. Commissioners for the county, which is home to Birmingham,

Jefferson County, Alabama filed the largest municipal bankruptcy in U.S. history on Wednesday after the County Commissions found its billions

10 (Bloomberg) — The bankruptcy of Jefferson County, Alabama, may keep municipal yields that are already high relative to US Treasuries elevated as some investors flee tax- exempt debt, according to Michael Schroeder, president and chief investment

Reaction to bankruptcy vote ranges from support to shock.

10 (Bloomberg) — Jefferson County, Alabama, declared the largest municipal bankruptcy in US history, capping a more than three-year saga that turned it into one of the biggest casualties of Wall Street's credit crisis. The move yesterday by Alabama's

Police in riot gear dispersed about 2000 Penn State students who took to the streets after the ouster of football coach Joe Paterno. Crowds toppled a television news van and at least one photographer was pelted with a rock.

By Star-Ledger Wire Services STATE COLLEGE, PA – NOVEMBER 10: Police try to control students and those in the community as they fill the streets and react after.

While much of the college sports world was captivated by the goings on in State College, PA, four college basketball games were being played. And one of the four teams expected to win fell at the hands of the defending MAC Tournament champs,

Here are a few examples of the latest stories out of State College, Penn. ESPN collected a sampling of quotes from a wide range of people linked to the scandal, including Joe Paterno, Graham Spanier, Jim Caldwell, Penn

The star, 44, looked white hot in Nashville Wednesday night.

The star, 44, looked white hot in Nashville Wednesday night.

Other stars, like Faith Hill and Sandra Lee, stuck with neutral colored gowns. We noted one ubiquitous trend: many of the ladies had their hair curled and pinned half back. And in other style similarities, Taylor Swift, who won Entertainer of the Year,

Faith's performance marked the end of a stellar night, full of Carrie Underwood costume changes, Miss Piggy, additional performances from Taylor Swift, Lady Antebellum, Kenny Chesney and Grace Potter, Lionel Richie and oh yeah and some actual

The USMC celebrate their 236th Anniversary today and since tomorrow is Veteran's Day, we've decided to pay homage to those who are "the first to fight." CLICK through the gallery for 236 photos for the USMC's 236 Years of

forms will get your comment deleted, too. If you can't comment without using intemperate language, go someplace else. Under the header: Painting. "On Deck" Artist: Richard M. Gibney Service: U.S. Marine Corps Artist

AT Camp Lejeune in North Carolina thousands of Marines ran in formation while chanting cadence as the sun rose. It's all part of the Corps 236th birthday run that began and ended at Soifert Field. After the run the unit stood in formation for the time

Denny Gramman, left, and Mike Emmons are Vietnam veterans and both served with the US Marine Corps. (By John Terhune/Journal & Courier) Several businesses are offering discounts to veterans and active-duty military personnel on Friday.

10 (Bloomberg) — Texas Governor Rick Perry, who has acknowledged his previous Republican presidential debate performances were subpar, had an embarrassing moment in last night's debate in Rochester, Michigan. Asked to identify the three federal

Jenny Whalen The sporadic cheers of Ron Paul supporters that rang throughout the Red Ox Tavern during the Republican debate Wednesday were nothing compared to the overwhelming applause, whistles and chants of "President Paul" that ensued when Paul

The Republican debate televised on CNBC on Wednesday night featured eight candidates engaged in an economics-themed tussle that will probably be overshadowed in the media by a Rick Perry gaffe and Herman Cain on

Whether Bachmann will continue to hold to that position on Cain in the GOP debate Wednesday night remains to be seen. Read more at PostPolitics.com Herman Cain will be on the hot seat Mitt Romney must be cool and steady Rick Perry gets another chance

Grace Potter and Kenny Chesney perform at the 45th annual CMA Awards on Nov. 9, 2011 in Nashville, Tenn. (CBS) Grace Potter and Kenny Chesney are riding high off their CMA win on Wednesday night. The duet partners took home the music video trophy for

performers — including Taylor Swift, Blake Shelton, Miranda Lambert, Zac Brown Band, Jason Aldean, Keith Urban, Sugarland, Kenny Chesney and Grace Potter, plu.

Second Best Coffeehouse Folkie moment Grace Potter and Kenny Chesney dueting on a mellow version of "You and Tequila," with Potter, in a mini-dress, perched awkwardly on a stool. 7. Best Act Of Forgiveness By People Who Probably Weren't That Mad At Him

performers — including Taylor Swift, Blake Shelton, Miranda Lambert, Zac Brown Band, Jason Aldean, Keith Urban, Sugarland, Kenny Chesney and Grace Potter, plu.

Republican presidential hopeful Rick Perry says he would eliminate three federal agencies. Just don't ask him to name them.

Rick Perry looks at his notes during a Republican Presidential Debate at Oakland University in Auburn Hills, Mich., Wednesday, Nov. 9, 2011. (AP Photo/Paul Sancya) Rick Perry says he “stepped in it” during Wednesday night's Republican debate,

ROCHESTER, Mich. — It's rare that a politician evokes pity, but in 55 seconds during Wednesday night's presidential debate, Rick Perry managed it. The Texas governor promised to eliminate three federal government

Rick Perry's commitment to cutting the government down to size is almost religious. In fact, he's so certain the federal government has gone to the dogs, he doesn't waste time with trifling matters like remembering his own

NEW YORK — Jorge Posada said there is no shot he will return to the New York Yankees next season and that his choice is move on to another team or retire after 17 major league seasons. Posada said his agents had heard from about a half-dozen teams who

Posada leaving Yanks. Jorge Posada said that there is no chance he will be back with the New York Yankees next year and that his choice is to move on to another.

By Peter Abraham, Globe Staff Jorge Posada made his debut with the Yankees in 1995 and has played 208 games against the Red Sox. Jason Varitek made his debut with the Red Sox in 1997 and has played 172 games against the Yankees.

Penn State football coach Joe Paterno released the following statement Wednesday: “I am disappointed with the Board of Trustees' decision, but I have to accept it. A tragedy occurred, and we all have to have patience to let the legal process proceed.

Last night, legendary Penn State football coach Joe Paterno was fired in the aftermath of the sexual abuse scandal that has rocked the university and the community of State College/Happy Valley, Pennsylvania. Thousands of students reacted by taking to

So now, the media lynch mob has descended on Joe Paterno, crucifying him and destroying his career, when the person who actually SAW the assault, and the authorities who were actually responsible for investigating these

Every fall, we have looked forward to watching Joe Paterno grace the college football stage. The fired Paterno was the coach with the most: most wins, most longevity, most beloved. And to most of us who watch college football, he was "Joe Pa" on a