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.
-
Municipal finance professors Justin Marlowe and Martin Luby wrote the paper after fielding dozens of calls about "this otherwise esoteric corner of public finance."
April 7 -
House leaders will have to overcome dissent from conservative lawmakers, who say the Senate version is too watered-down.
April 7 -
Transportation Secretary Sean Duffy said there are about 3,200 announced projects that are awaiting formal grant funding agreements, 950 of which were announced right before President Donald Trump took office.
April 3 -
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 -
The government funding measure now heads to the Senate where it needs Democratic support to pass.
March 12 -
The BDA met last week ahead of the House Ways and Means launching talks on what the reconciliation tax package may include.
March 11 -
In 2017, the BDA hired a lobbying firm as Congress wrote a tax reform bill. This time, the group opted for a strategic communications firm.
March 10 -
A united Republican vote for the continuing resolution could indicate the GOP's ability to gather support for the more complex reconciliation bill.
March 10 -
New York Judge Andrew Borrok said a ruling on the summary judgments could come by late April after "a lot of sitting and writing and thinking."
March 5 -
Senate GOP leaders also aim to make the TCJA tax cuts permanent, which would raise the costs of tax reform unless a new scoring method is adopted.
March 5 -
The Trump administration wants to shed federal office space, and bonds backed by those leases are feeling the heat.
March 3
