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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"Who got rich off this project? Where did those billions of dollars go?" asked Transportation Secretary Sean Duffy in announcing the federal review of the controversial bullet train.
February 21 -
The DOT cited the use of the tolls for transit as one of its reasons to terminate.
February 19 -
Trump had promised during his campaign to terminate the electric vehicle charging station program.
February 19 -
Most federal lease debt has large bullet maturities that require refinancing, asset sales or a new lease to avoid default.
February 18 -
In 2017, Congress moved from budget resolution to reconciliation legislation in less than six weeks.
February 14 -
The legislation comes as the municipal market industry fends off threats to tax-exempt municipal bonds.
February 13 -
The deeper the proposed cuts, the more the municipal market fears for the fate of tax-exempt bonds.
February 12 -
BlackRock's move comes as money continues to flow out of muni mutual funds into ETFs and SMAs.
February 11 -
Lawsuits are mounting against the Trump administration's aggressive actions to cut federal spending.
February 10 -
Texas Sen. John Cornyn remains a supporter of private activity bonds, his staff told BDA.
February 7 -
The directive appears to apply to discretionary grant programs and not state formula funds.
February 6 -
The muni industry is trying to get to the bottom of questions around how the House arrived at savings estimates for eliminating the tax exemption.
February 4 -
The Treasury department aims to stand it up within the next 12 months.
February 4 -
From two Colorado lines to more Amtrak service, Southwest states are advancing passenger rail projects, but the Trump administration may slow that roll.
February 4 -
A group of Democratic states Thursday filed a fresh motion for an injunction, arguing the administration may continue to freeze federal funds despite the recission.
January 30 -
Municipal market advocates plan to use the data to support the case to Congress for preserving the tax exemption.
January 30 -
The ruling came as the White House issued follow-up guidance saying only affect a portion of federal funds would be affected and that the pause could be as brief as a day.
January 29 -
A group of Democratic states as well as a national association representing not-for-profit organizations said they would sue to block the move.
January 28 -
The former U.S. Representative has said he would focus on road safety and cutting red tape.
January 28 -
The president suggested federal aid could be sent directly to states instead of through FEMA.
January 27
