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 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 -
Getting project grant agreements in place, which formally releases the federal funds, is taking more time than expected.
June 28 -
The Brent Spence Bridge and Hudson Tunnel were among last year's winners of the sought-after federal Mega grants.
June 27 -
The Republican ESG bill calls for studies on key muni market issues, including bans on soliciting business, ESG disclosure and investment decisions by underfunded state and local pension plans.
June 26 -
New or increased fees on electric vehicles are the second-most popular category among transportation state legislation so far this year, per ARTBA.
June 20 -
The Illinois case is part of several state-level lawsuits brought by Minnesota-based municipal advisor Johan Rosenberg, accusing banks of conspiring to set the interest rates of state-issued VRDOs artificially high.
June 16 -
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
