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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Inadequate public governance drives up the costs of U.S. transit projects, Eno Center for Transportation said in a report.
October 3 -
The stopgap funding bill provides $4.5 billion of disaster recovery aid for New Mexico, Florida, Puerto Rico and more.
September 30 -
Legislation requiring standardized financial disclosure from issuers is attached to a must-pass defense bill, which narrows the window to fight the measure.
September 30 -
The electric vehicle charging program allocates the biggest chunk of federal funds to Texas, at $407 million. California is next in line, with $383 million. No other state receives more than $200 million.
September 28 -
The temporary government funding bill includes money for expected recovery needs from Hurricane Ian's landfall in Florida this week.
September 28 -
The ruling "sends a strong signal to other states that trucking is not to be targeted as a piggy bank," said the president of the Rhode Island trucking association.
September 27 -
Utah Associated Municipal Power Systems is advancing the nation's first small modular reactor, a $6 billion project supporters say is the future of nuclear energy.
September 26 -
There are only four statewide bond measures appearing on ballots across the country, the lowest since 2010.
September 22 -
The Federal Highway Administration needs to act more like a partner and less like a roadblock, state transportation officials said.
September 21 -
Seven states formed the Midwestern Hydrogen Coalition to collaborate on promoting hydrogen-based energy production, use and distribution.
September 21 -
The muni market is watching the fiscal 2023 defense bill closely to see if a final version requires issuers to overhaul their financial disclosure practices.
September 21 -
Municipal market participants are gaming out post-election scenarios that pose opportunities and risks for budgets and portfolios.
September 19 -
Opponents say the legislation could prompt issuers to drop out of the public bond market while supporters say investors and regulators deserve standardized financials.
September 16 -
The program received more than 250 applications for $26.5 billion worth of projects across the country.
September 15 -
The Skyway sale "proves that sophisticated global investors who can buy assets anywhere view Chicago as a great place to invest," said a spokesperson for Mayor Lori Lightfoot.
September 13 -
The Inflation Reduction Act gives $30 billion worth of tax credits to existing U.S. nuclear facilities , but it remains to be seen how much the subsidies move the long-term credit needle.
September 9 -
A national conference is planned for the spring to bring together states, utilities and the private entities that will own and operate the national EV charging station system.
September 8 -
The short-term funding bill would avoid a government shutdown ahead of midterm elections.
September 6 -
Nearly all construction firms have job openings, and more than half said they're seeing projects being scaled back, postponed or canceled.
September 2 -
The MBTA's capital program, which relies on nearly $600 million in annual borrowing, has doubled since 2018.
September 1
