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.
-
Fallout from the Legacy Cares deal includes bondholder lawsuits against the underwriter and bond counsel, payment defaults, a Chapter 11 bankruptcy, and now fraud charges from the SEC and DOJ.
April 2 -
Nebraska Rep. Don Bacon, a Republican, has penned a "Dear Colleague" letter asking lawmakers to publicly support tax-exempt municipal bonds.
April 1 -
Separately managed accounts have exploded in the muni market in recent years but high-yield SMAs remain rare.
March 21 -
The EPA's "termination of these grants appears to contravene a duly enacted statute," said U.S. District Judge Tanya Chutkan.
March 20 -
Mesirow's George Barbar said the group's top legislative focus is preserving the municipal bond tax exemption.
March 20 -
"If you're an issuer, this is fly-in season," said Jarrod Loadholt, partner at Ice Miller LLP. "Don't hope someone else is going to solve this for you — they're not."
March 19 -
Citibank, which holds the government funds, said it froze the money following a request from the FBI.
March 17 -
All of fiscal 2025 will be funded under a continuing resolution instead of the traditional appropriations package.
March 17 -
The Tax Policy Center examined which cities and states would be the most affected if Congress eliminates the tax exemption.
March 14 -
Alaska, California, Hawaii, Washington, Louisiana and New York have the worst-performing, least cost-effective roads and bridges, according to Reason Foundation's latest report.
March 13
