Detroit bankruptcy Detroit bankruptcy

Gov. Rick Snyder speaks today flanked by Detroit Mayor Mike Duggan (left) and emergency manager Kevyn Orr. Snyder said that the nation's largest municipal bankruptcy will end at midnight. Paul Sancya/AP hide caption

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Paul Sancya/AP

Detroit emergency manager Kevyn Orr (left) speaks at a news conference in Detroit as Michigan Gov. Rick Snyder, who appointed Orr, listens. Orr's plan for the city to emerge from bankruptcy was approved by a federal judge today. Paul Sancya/AP hide caption

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Paul Sancya/AP