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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If enacted, Build Back Better would promote economic growth and likely have a limited impact on inflation, ratings agencies say.
November 24 -
States are spending more money on highways, translating into improvements across many performance measures.
November 23 -
The new tax-exempt private activity bond categories for broadband and carbon capture projects are designed to avoid straining state volume cap.
November 22 -
McKinsey partners had access to material nonpublic information about Puerto Rico while overseeing an internal fund's investment decisions that included the sale of $1 million of Puerto Rico bonds, the SEC said.
November 19 -
President Joe Biden's $1.7 trillion bill passed the House after months of debate and without any of the municipal bond market's priorities.
November 19 -
The U.S. DOT wants to make applying for grants in the $1.1 trillion infrastructure bill as easy as possible. More than 40 new programs will be created under the new law.
November 18 -
Treasury may have some leeway when interpreting the new tax and buysiders say it's unlikely to hurt demand even if it becomes law.
November 16 -
President Joe Biden Monday signed into law a $1.1 trillion infrastructure bill.
November 15 -
The inability to advance refund has cost issuers up to $10 billion since 2020, according to Municipal Market Analytics, a figure lobbyists hope will help make their case.
November 12 -
By lowering the amount of private activity bonds needed to finance low-income housing, the provision would free up PABs volume for other projects.
November 11 -
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
