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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.

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