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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Senate Republicans said the $10 billion COVID bill is paid for with unspent funds from previous pandemic bills, but it appears to avoid tapping state ARPA funds.
March 31 -
U.S. companies that will be affected by the new global minimum tax hold about 80% of the tax-exempt interest reported by all companies, business groups said.
March 30 -
The first tranche of federal dollars are seen as a down payment on what's billed as the most urgent infrastructure project in the U.S.
March 29 -
Even deals that go bankrupt can be seen as successes in the U.S. P3 market, which may face an "inflection point" with the new infrastructure law.
March 25 -
The state under transportation secretary Shawn Wilson is gaining a national reputation for pursuing P3s for tolled bridge replacements.
March 23 -
The Port Authority of New York and New Jersey is a "trailblazer" in public-private partnerships, and P3 investors hope to see more action in U.S. airports.
March 21 -
Half of the infrastructure funding is going to the states, and cities should talk to their governors to ensure they see some of that funding, White House Infrastructure Advisor Mitch Landrieu told the National League of Cities Tuesday.
March 15 -
Supported by the American Rescue Plan Act, signed into law almost exactly a year ago, cities "have come roaring back," the President said.
March 14 -
The legislation would allow tax-exempt financing for the replacement of privately owned lead service lines.
March 11 -
The U.S. Department of Transportation's budget swells to $140 billion from $80 billion with the omnibus and Infrastructure Investment and Jobs Act dollars.
March 11 -
The omnibus bill drops a controversial measure to claw back unspent state COVID funds and includes long sought-after language to ease the transition away from LIBOR.
March 10 -
Thirty states would have been affected by the plan to claw back $8 billion in unspent ARPA funds to offset the FY22 appropriation.
March 9 -
Transportation advocates remain opposed to the legislation and the Biden Administration has not taken a position.
March 9 -
The Eastern Transportation Coalition's report highlights concerns about privacy, trucking and rural drivers.
March 7 -
The low-interest federal loans will complete financing packages for Virginia's express lane extension outside Washington D.C. and Maryland’s Purple Line light rail project.
March 4 -
A federal memo on IIJA dollars outlines Biden administration priorities but doesn’t tie states’ hands when it comes to funding, the transportation secretary said.
March 2 -
The president touted the benefits of last year's Bipartisan Infrastructure Law and American Rescue Plan Act during his first State of the Union address.
March 2 -
States have appropriated 72% of the ARPA funds they have received so far and many state legislatures are developing plans to spend the rest.
March 1 -
“I want to break ground next year,” Kentucky Gov. Andy Beshear said.
March 1 -
Oklahoma joins Texas, Arkansas and Louisiana in allowing utilities to float securitized bonds to recover spending on fuel price spikes during Winter Storm Uri.
February 28
