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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Public sector employment remains low despite the influx of federal aid, and governments dangling high wages and benefits could face long-term credit challenges, panelists said at Brookings Municipal Finance Conference.
July 18 -
"It seems that munis are on the outside looking in, but we are hopeful," said Brett Bolton, Vice President and Head of Government and Industry Relations at Bond Dealers of America.
July 8 -
Phil Washington would bring an issuer's perspective to the top FAA spot.
July 7 -
Public private partnerships offer a new financing model for Colorado, which is prohibited from issuing general obligation bonds for state capital needs.
July 6 -
PennDOT could appeal to the state supreme court, but if not, the Pennsylvania P3 law may need to be rewritten.
July 5 -
The federal lawsuit brought by Philadelphia, San Diego and Baltimore on behalf of thousands of issuers is similar to a series of closely watched state whistleblower cases that claim banks manipulated interest rates on variable-rate bonds.
June 29 -
Disclosure around ESG-related risk factors to credit as well as for ESG-labeled bonds remains a mixed landscape that reflects the heterogenous nature of the muni market itself.
June 28 -
The U.S. Conference of Mayors launched the P3 task force as cities prepare for an influx of federal infrastructure aid.
June 28 -
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The finances of the controversial project remain unclear, but the favorable Texas Supreme Court ruling means the project has a chance of advancing.
June 27 -
Most municipal securities trades are reported to the MSRB well under the current 15-minute rule, and it's unclear how a one-minute mandate would "benefit investors or increase transparency," the ASA said.
June 24 -
Construction material costs, which often rise faster than the consumer price index, have surged over the last year while a shortage of skilled construction workers has plagued the industry.
June 23 -
The proposed gas tax holiday would hold the Highway Trust Fund harmless with a $10 billion subsidy.
June 22 -
Easing federal wetland standards could spark a “race to the bottom” as newly polluted water would flow into downstream states, a group of largely Democrat-led states argued in a Supreme Court brief.
June 21 -
Dave Erdman has become one of the top issuer voices in the public finance community. As he heads off this summer into the private sector, Erdman reflects on his time on the GFOA's influential debt committee. Caitlin Devitt hosts. (14 minutes)
June 21 -
The finance team is already lined up for the first of multiple issuances of bonds to help launch the first phase of the $9.5 billion New Terminal One project.
June 17 -
It's the third time this month that the SEC has announced charges against city officials for disclosure-related violations.
June 17 -
The move to take back local control came a few months after new leadership took the helm at the airport.
June 15 -
Republicans contend the $1.9 trillion injection of cash sparked inflation while Democrats say it saved lives and a collapsing economy.
June 14 -
The departure comes amid Spanish reports that financing for what aims to be the nation's first bullet train is "in hibernation."
June 14
