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.
-
States and local governments should prepare for fewer federal funds, higher borrowing costs and market volatility as a result of turmoil in Washington.
June 15 -
The controversial idea has taken on more urgency as transit agencies nationally struggle with low ridership.
June 15 -
The section of I-95 that collapsed was part of a recent $212 million reconstruction.
June 12 -
Some Democrats objected to the lack of hearing on the bill, which cements Aviation Trust Fund taxes for the next five years.
June 8 -
The website highlighting newly launched public and private projects comes ahead of the administration's second "Investing in America" tour in July.
June 7 -
"It's a quiet revolution," said Reason Foundation's Robert Poole.
June 6 -
The legislation would boost the size limitation of industrial revenue bonds and expand the uses of proceeds.
June 5 -
The debt ceiling bill promises relief for jittery municipal market participants.
June 2 -
The long-awaited court decision sided with Idaho landowners by narrowing the EPA's definition of waters of the United States.
May 30 -
The $350 billion of flexible relief funding sent directly to cities, towns and states under the American Rescue Plan Act will remain untouched under the new debt deal.
May 30 -
The New Mexico treasurer recently sent an alert to local governments warning that some are bypassing state banking rules on public deposits.
May 26 -
A downgrade would reverberate throughout the municipal bond market.
May 25 -
New York City is keeping a wary eye on Congress as it considers whether to pause a refunding deal set for next week.
May 24 -
The new law's uncertain impact on cities and states has been a hot topic at the GFOA's annual conference this week.
May 23 -
When it comes to federal funds flowing to cities and states, top issues to watch are a potential claw back of stimulus aid, fresh infrastructure fund opportunities and guidance on first-of-its-kind tax credits.
May 22 -
Brightline's luxury train in Florida accounts for half of the Nuveen High Yield Municipal Bond Fund's top 10 positions.
May 18 -
The CTA is looking for the state to boost operating funds to help solve a looming $400 million annual shortfall.
May 18 -
Bolstered by key political support, states across the southeast are building toll roads through public-private partnerships to manage congestion.
May 17 -
Banks reduced their quarterly muni holdings during the first quarter at the fastest rate in 20 years, per Municipal Market Analytics.
May 12 -
Democrats and Republicans each said the other party's position on ESG investing carries additional costs for states.
May 11
