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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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 -
Smaller issuers like rural hospitals and charities are often blocked from issuing bank-qualified debt under current rules, which would change under a reconciliation bill provision.
October 5 -
Tax-exempt advance refundings emerge as the top priority for muni market participants as Congress debates reconciliation budget measure.
October 4 -
Congress approved a one-month extension of surface transportation programs, buying more time to continue negotiations over infrastructure and budget bills.
October 4 -
Mayors are urging Congress to preserve major housing support in the reconciliation bill.
September 29 -
The growing P3 sector would enjoy a boost across many markets, including rural broadband, under P3-friendly provisions in the bipartisan infrastructure bill.
September 28 -
Congress this week will take up bills closely watched by the muni market, including infrastructure, budget and debt ceiling measures.
September 27 -
Cities and representatives from the National Urban League said the infrastructure bill would be a huge boost for cities and underserved neighborhoods.
September 24 -
The country's digital divide and ailing water infrastructure would see boosts in bipartisan infrastructure bill up for House vote as soon as Monday.
September 23 -
Citi's muni strategy group had worried that a proposed 3% surcharge in the reconciliation bill would apply to tax-exempt interest, but now feels differently.
September 22 -
The House is expected to approve a stopgap funding measure that suspends the debt ceiling and marks one of several partisan showdowns ahead of the looming fiscal year-end.
September 21
