Marketplace®

Daily business news and economic stories

Resignation to signal end of a rocky era for Detroit

Detroit's "emergency manager" is expected to resign. And once-bankrupt city will finish fiscal year in the black.

Detroit emergency manager, Kevyn Orr, is expected to resign at a press conference scheduled for Wednesday morning.

Orr is responsible for putting Detroit into – and getting it out of – the biggest municipal bankruptcy this country has ever seen.

After adjusting $18 billion worth of debt, Detroit will end this fiscal year in the black.

Related Topics

Collections:

Latest Episodes

View All Shows
  • Marketplace Tech
    44 minutes ago
    11:03
  • Marketplace
    12 hours ago
    25:19
  • Make Me Smart
    18 hours ago
    19:00
  • Marketplace Morning Report
    20 hours ago
    6:55
  • This Is Uncomfortable
    3 days ago
    56:05
  • Million Bazillion
    24 days ago
    32:45