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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Fitch's three-notch senior bond downgrade reflects "substantial credit risk."
January 20 -
The Florida train is struggling to generate enough revenue to pay its debt.
January 16 -
"There are big credit differences between Chicago and New York City," said an investor.
January 16 -
The Maryland Department of Transportation's acting secretary said the bill would provide "greater transparency and accountability in transportation spending decisions."
January 15 -
Eurostar veteran Nicolas Petrovic will oversee the Florida system while Mike Reininger will focus exclusively on Brightline West.
January 14 -
The "Making the American Dream Affordable Again" roadmap makes no mention of tax-exempt bonds.
January 13 -
The compromise bill rejects the Trump administration's effort to rescind $16.5 billion of IRS funding that comes from an $80 billion infusion in the Democrats' 2022 Inflation Reduction Act.
January 12 -
Average trade size continued to decline in 2025, "consistent with a market that is becoming increasingly more electronic," the MSRB said.
January 9 -
It's the first time the regulator has named VRDO rate-resetting process as an area of review.
January 9 -
The state's first-of-its-kind law allowing for tolling on its interstates is closely watched by transportation experts.
January 8 -
The Port Authority of New York and New Jersey has already established itself as the frontrunner in the U.S. airport P3 space.
January 7 -
LaMalfa was a frequent critic of the state's publicly funded bullet train proposal, which he called an "inexcusable waste of money."
January 6 -
The 'minibus' avoids the deep cuts recommended in President Trump's budget.
January 6 -
Texas will receive the largest share of the rural hospital fund's first-year allocation.
January 2 -
The California High Speed Rail Authority's focus has shifted to state funds and private capital.
December 31 -
All eyes will be on the next surface transportation bill, which the House plans to unveil in early 2026.
December 29 -
The dramatic downgrade projects a default by January 2027 on bonds issued to finance the Miami-to-Orlando passenger train service.
December 19 -
In 2024, legalization states collectively generated a record-setting $4.4 billion in cannabis tax revenue from adult-use sales.
December 19 -
The larger story could be that some of the larger issuers are asking water lobbyists and lawmakers to push the EPA because of worries the administration may tamper with or even eliminate the program, said a WIFIA expert.
December 19 -
The company has the option to defer interest payments three times without triggering a formal default.
December 17
