USA Update In historic ruling, federal judge sets Detroit on path to exit bankruptcy (+video)

A federal judge ruled Friday that a plan to end Detroit's Chapter 9 bankruptcy was fair, setting the stage for the city to shed billions in debt and begin to fix basic city services.

By , Staff writer

Rebecca Cook/Reuters

In a landmark ruling, a federal judge on Friday approved a plan designed to end Detroit's $18 billion historic bankruptcy, the nation's largest-ever municipal bankruptcy filing.