Caitlin Devitt has covered the municipal bond market since 2008. She began her journalism career at the Herald Newspapers on the South Side of Chicago, starting as a reporter and rising to Managing Editor. While at The Bond Buyer, she covered the Detroit bankruptcy among other Midwest-based stories. Devitt joined Debtwire Municipals in 2016, where she covered the high-yield municipal bond market for five years, before returning to the Bond Buyer as Senior Infrastructure Reporter. She lives in Chicago with her family.
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The ever-rising cost of projects is the number one financial challenge for municipalities, according to the latest survey from the National League of Cities.
September 23 -
Advocates have floated similar measures repeatedly over the course of several administrations with no luck.
September 22 -
The administration wants the project "to be a model of how to build quickly and cost effectively," Transportation Secretary Sean Duffy said.
September 22 -
All of fiscal 2025 was funded under continuing appropriations instead of the traditional appropriations process.
September 19 -
Bondholders are pitted against each other in the case, where it looks like the majority holders may become owners of the distressed companies.
September 18 -
The House oversight subcommittee hearing was titled "Virtue Signaling vs. Vital Services."
September 17 -
A group of bondholders are floating fresh financing to a bankrupt metals recycler that elevates their bonds above other holders.
September 16 -
Utilities, and the local governments and states that house data centers, are wrestling with policy questions about who should cover the costs of the projected spikes in water and electricity demand.
September 16 -
Infrastructure like vertiports may be financed with municipal bonds.
September 15 -
With an insolvent Highway Trust Fund, toll revenue and PABs are increasingly important for transportation financing, lobbyists said.
September 11
