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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At stake is nearly $800 million in Federal Transit Administration funds.
October 5 -
Public finance advocates are examining House speaker candidates to see which ones have local and state experience.
October 4 -
Investors and ratings analysts look beyond the bevy of local hospitality taxes backing MetPier's debt to the state sales tax that acts as the paper's ultimate security.
October 3 -
The Amtrak-Texas Central proposal to build high-speed rail between Dallas and Houston would take land "from American citizens and put it under the control of a Japanese company," a pair of Texas Republican representatives told the FRA.
September 29 -
"The major question is whether a shutdown is going to result in a ratings impact in the municipal market, and the answer here is no," said Jennifer Johnston, director of research for Franklin Templeton's fixed income-municipal bond team.
September 28 -
Republican-led states sued over the rule, arguing in part that it would injure states like Wyoming that depend on tax revenue from fossil fuel industries.
September 26 -
California Gov. Gavin Newsom said the $202 million grant signals the Biden administration's commitment to "clean, electrified high-speed rail into the heart of some of the largest and fastest growing cities in California."
September 26 -
With class certification now in hand, the cities that brought the lawsuit have two weeks to outline how other municipalities will be provided notice of the chance to join.
September 25 -
Rai joins Wells as senior strategist after he was let go by Citi in June.
September 25 -
The long-time high-yield muni manager left Nuveen in April when the firm settled a contentious lawsuit with Preston Hollow.
September 22 -
The private equity firms accused the bank of concealing key changes to a credit agreement, in part because it wanted to win future muni bond business from Brightline Holdings.
September 21 -
The Bipartisan Infrastructure Law gives the country "the best start we've ever had," in setting up a national bullet train network, Transportation Secretary Pete Buttigieg told a House panel Wednesday.
September 21 -
Loop Capital Markets CEO Jim Reynolds, Jr. said he would gladly pay a bit more for a muni bond that tackled gang violence in Chicago during a debate on ESG factors among market veterans at The Bond Buyer's infrastructure conference this week.
September 15 -
How to fill the gap left by ridership declines is the question facing transit agencies, said panelists at The Bond Buyer's Infrastructure Conference.
September 14 -
Mayor Brandon Johnson is set to unveil a spending blueprint with new revenue proposals next month.
September 14 -
"I'd always had a public interest leaning, but to bundle finance with public policy and federal tax law into this gumbo of a practice that produces essential public projects is fundamentally attractive to me," said Joshua Bonney.
September 13 -
The EPA failed to follow an escalation policy that was crafted in the wake of the water crisis in Flint, Michigan.
September 11 -
"As an investor I'm not looking at the activity of the stadium as the security," said an Illinois sports authority bondholder of potential exits by the White Sox and Chicago Bears.
September 5 -
The EPA did not seek public comment before revising the rule overseeing polluted waterways.
September 1 -
U.S. airports collectively face $151 billion of infrastructure needs over the next five years, the bulk of which is tied to terminals, according to the Airports Council International.
September 1
