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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Assets ranging from airports, utilities and toll roads may come into play under P3 provisions in the infrastructure bill, which could attract public pension infrastructure investment.
November 9 -
Two major pieces of President Joe Biden's domestic agenda, which carry implications for the municipal bond market, advanced in the House Friday.
November 6 -
The municipal bond market is closely watching proposals from the House and the Senate to overhaul the SALT federal deduction cap.
November 4 -
California faces a $117 billion highway repair backlog and the highest gas tax in the country. The question is whether the fuel-tax funded SB 1 is doing enough.
November 4 -
"Compromises had to be made," Neal said about muni market proposals being dropped from the Build Back Better agenda.
November 2 -
Key institutional players like banks and insurance companies may have less incentive to buy tax-exempt munis if the provision becomes law.
October 29 -
The lack of inclusion of the muni market's priorities in the reconciliation framework sends a strong signal they're unlikely to be included in the final legislation.
October 28 -
The SALT deduction cap could be increased, suspended or repealed.
October 27 -
Transportation and transit projects would be eligible uses of ARPA funds under the bill, which also extends the deadline to spend the funds.
October 26 -
The fast pace of the Democratic negotiations may act in muni market's favor.
October 25 -
Borrowers are enjoying the strongest market in decades while investors are forced to take what they can get.
October 22 -
The $1 trillion spending bill could boost GDP by 0.2% by 2031.
October 21 -
The $1.27 billion Ohio River Crossing toll bridge between Kentucky and Evansville, Indiana, will bring new jobs and boost the region's economy, officials say.
October 20 -
Congress has until Halloween to reach not only a deal on a bipartisan infrastructure bill, but also a reconciliation deal. Without both, key muni priorities could vanish, says GFOA lobbyist.
October 19 -
The hires come as Congress is expected to pass a massive infrastructure bill that includes P3 provisions.
October 18 -
Payments under the opioid settlement are too short-lived to securitize and local government participation remains unclear.
October 15 -
States so far have taken the lead in mileage-based user fee programs, which would now be taken up on the federal level for the first time.
October 13 -
A fresh debate on the debt ceiling could come as soon as December, as Congress also faces deadlines on surface transportation and stopgap government funding.
October 13 -
The Public Finance Authority issue for the Fargo-Moorhead Diversion Project sets the stage for the Corps of Engineers' future use of a P3 financing model.
October 12 -
A deal to lift the debt ceiling through November would buy Congress time to hammer out Democratic agreement on the Build Back Better plan.
October 7
