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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Just 10 nonprofit environmental groups were responsible for 35% of all the NEPA lawsuits analyzed by the Breakthrough Institute in a new report.
August 21 -
It's the latest attack on one of the nation's largest infrastructure projects that has long been the focus of Republican ire.
August 20 -
"American money is there, we just have to make it feel welcome," said board member Francis Sacr, former executive director of the Gateway Development Commission.
August 19 -
The state is expected to pursue a TIFIA loan instead of toll revenue bonds.
August 18 -
The president's authority to withhold already appropriated federal funds has been the focus of dozens of lawsuits, including from cities and states.
August 14 -
The grants allow governments to scan their transportation assets for potential public-private partnerships.
August 14 -
Through June 30, BAM insured 11 transactions with par of $100 million or more, with four more deals coming since then, the company said.
August 13 -
A flagship program under the Infrastructure Investment and Jobs Act, the EV charging station initiative was slow to take off despite $5 billion of federal funds.
August 12 -
The largest investors in the Brightline Florida train have negotiated new terms ahead of an Aug. 13 repayment deadline.
August 11 -
"Nothing could delay a restructuring or a consensual deal [more] than the existing board was doing," said Assured Guaranty CEO Dominic Frederico of the Trump administration's removal of Puerto Rico oversight board members.
August 8 -
Ninety percent of FINRA's operating expenses are driven by compensation and technology costs.
August 7 -
The risk Brightline Florida poses to the rest of the high-yield market may manifest in fund flows, investors said.
August 6 -
Some bondholders have retained legal counsel while others are in the dark about the company's plans.
August 5 -
Sequestration on direct-pay bonds kicks in Oct. 1 without a fresh funding bill.
August 4 -
Investors are watching an Aug. 13 refinancing on $985 million of bonds for proposed commuter line projects with southern Florida counties.
July 25 -
The fund's sell-off in June shows the challenges of accurate pricing in the high-yield muni market.
July 24 -
Larger dealer networks lead to lower markups, but smaller networks show evidence of potential collusion and market manipulation, the paper said.
July 24 -
It's among the more unconventional ideas being considered by public agencies facing large deferred maintenance backlogs.
July 23 -
While the cost of small trades is higher than institutional trades across all fixed-income markets, the gap is more pronounced in the municipal bond market.
July 22 -
First Southern LLC failed to timely and accurately report on trades executed for an affiliated hedge fund, FINRA said.
July 21
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