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 state is gearing up to grow its space industry as the federal government starts allowing tax-exempt private activity bond financing for spaceports.
October 14 -
The longer the shutdown of many federal government operations lasts, the worse it becomes for cities, states and other bond-issuing entities.
October 9 -
Carving up risk allows buyers who normally shy away from junk bonds to buy the pooled securities.
October 8 -
Transportation Secretary Sean Duffy also defended the administration's funding freeze on major New York transit projects.
October 6 -
If approved, the $6 billion federal RRIF loan would be "quite positive at this juncture," an investor said.
October 3 -
The CTA's funds have been "put on hold to ensure funding is not flowing via race-based contracting," Office of Management and Budget Director Russell Vought said.
October 3 -
Political dysfunction is far and away the leading economic and policy concern for muni market participants, according to a new Bond Buyer infrastructure survey.
October 2 -
The Congressional Budget Office said Tuesday that federal agencies would lose $400 million each day during a shutdown.
October 1 -
Nearly $29 billion of the $30 billion cap has been allocated, said Morteza Farajian, director of the Department of Transportation's Build America Bureau.
October 1 -
At The Bond Buyer's infrastructure conference, panelists speculate about the reliability of federal funds under the current administration.
September 30 -
Top figures in public finance have weighed in on important events at this year's Infrastructure event.
September 30 -
Republicans established the fund to ease pressure on rural providers facing Medicaid and ACA insurance cuts.
September 26 -
How Congress and the Trump administration navigate the next several months carries implications for municipal issuers and investors.
September 25 -
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
