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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Norfolk Southern would buy a 338-mile city-owned railway for $1.6 billion, which Cincinnati would use to create a permanent infrastructure fund.
August 8 -
The Tennessee Valley Authority has $19 billion of outstanding bonds and provides power to 10 million people.
August 4 -
The 50-year concession will rebuild the aging Calcasieu Bridge, and impose the first tolls on Interstate 10.
August 3 -
The House and Senate remain at least $120 billion apart on fiscal 2024 spending levels.
July 28 -
The Senate proclamation says Shields left behind "an indelible mark on the public finance industry."
July 27 -
A Senate Budget Committee hearing Wednesday examined the fiscal consequences of preparing infrastructure for climate change.
July 26 -
Her prolific coverage and willingness to share knowledge with local reporters brought transparency and accountability to Midwest public finance.
July 25 -
The puzzling accounting discrepancy, which dates to 2005, threatened to lead to the rescission of $3.5 billion of contract authority for state departments of transportation.
July 21 -
"Yvette was everything a reporter should be — perpetually curious, tenacious, whip smart, and unafraid to ask the tough questions," said Mike Scarchilli, editor in chief of The Bond Buyer.
July 20 -
The measure comes after months of dire warnings over the city's looming insolvency.
July 18 -
The group of banks would pay $68 million to settle the lawsuit, which originally estimated damages at $340 million.
July 17 -
Transit capital investment grants would be funded at the lowest level in decades under the House GOP 2024 draft bill.
July 13 -
The plaintiff that brought the case on behalf of the state says the banks inflated interest rates through a private, invitation-only VRDO index that influenced SIFMA's weekly index.
July 12 -
The ruling striking down affirmative action may bring a fresh headwind to the higher education space, which already faces soft enrollment trends.
July 11 -
It's the largest federal transportation grant to date, said Sen. Chuck Schumer, D-N.Y.
July 7 -
More than 80% of Michigan's larger cities said they are using ARPA funds for capital improvements like buildings and parks.
July 6 -
The express train last week completed a long-awaited extension to the Orlando airport.
July 5 -
The bank would be modeled in part on the Reconstruction Finance Corporation created during the Great Depression, said the bill's sponsor, Rep. Danny Davis, D-Ill.
June 29 -
The new toll on vehicles entering large swathes of Manhattan will be a key part of the MTA's future capital plan.
June 28 -
Road projects make up more than half of the winning applicants, with transit accounting for another 16%.
June 28
