- Judge Steven Rhodes has ruled the city's restructuring plan - notable for the sizable losses it imposes on bondholders while preserving much of Detroit's pension liabilities - is fair and feasible.
- "The city is insolvent and desperately needs to fix its future," says Rhodes, who calls the Detroit's settlement with pensioners a nearly "miraculous" outcome.
- The city is expected to exit bankruptcy within weeks.
- ETFs: MUB, PZA, TFI, XMPT, PRB, PVI, RVNU, VRD, FMB