Caitlin Devitt

Chicago

Senior Reporter at The Bond Buyer

Infrastructure finance for the Bond Buyer. Based in Chicago. [email protected].

Featured in: Favicon

debtwire.com Favicon

forbes.com Favicon

americanbanker.com Favicon

newsbreak.com Favicon

bondbuyer.com Favicon

cell.com

westlaw.com Favicon

financial-planning.com Favicon

ourcommunitynow.com Favicon

dig-in.com + 4 more

Articles

Court clears path for trial in VRDO rate-rigging lawsuit against Wall Street banks

2 weeks ago | bondbuyer.com | Caitlin Devitt

A group of Wall Street banks may be headed to trial over whistleblower allegations of variable-rate bond rate-rigging after a New York judge denied their requests to dismiss the case. "The mountain of evidence raised in opposition" to the banks' separate summary judgment dismissal motions "necessarily requires denial," wrote New York Judge Andrew Borrok in a strongly worded 44-page opinion that lambasted many of the banks' arguments.
Amid D.C. debate, academic policy paper highlights tax exemption

2 weeks ago | today.westlaw.com | Caitlin Devitt

Public finance academics have waded into the Capitol Hill debate over tax-exempt municipal bonds, warning in a policy brief that cutting the exemption would hurt infrastructure investment in the U.S. and pressure local and state budgets.
Amid D.C. debate, academic policy paper highlights tax exemption

2 weeks ago | bondbuyer.com | Caitlin Devitt

Public finance academics have waded into the Capitol Hill debate over tax-exempt municipal bonds, warning in a policy brief that cutting the exemption would hurt infrastructure investment in the U.S. and pressure local and state budgets. The 51-page report outlines the history, justification and criticism of the tax exemption.
Senate advances tax bill with resolution, House may vote this week

2 weeks ago | bondbuyer.com | Caitlin Devitt

The U.S. House of Representatives is expected as soon as Wednesday to take up a fiscal 2025 budget resolution, passed by the Senate early Saturday, that paves the way for a sweeping tax bill closely watched by the municipal market. House leaders will first need to overcome opposition from conservative lawmakers who immediately criticized the Senate measure as a watered-down version of the original House bill.
Senate advances tax bill with resolution, House queues up vote

2 weeks ago | today.westlaw.com | Caitlin Devitt

The U.S. House of Representatives is expected as soon as Wednesday to take up a fiscal 2025 budget resolution, passed by the Senate early Saturday, that paves the way for a sweeping tax bill closely watched by the municipal market.
Does Congress have authority to kill tax-exempt municipal bonds?

2 weeks ago | bondbuyer.com | Caitlin Devitt

As Congress eyes the municipal bond tax exemption as one of a raft of potential revenue raisers for a planned extension of the Tax Cuts and Jobs Act, the legality of the move may come into play. "This potential revenue raiser is the only one that entails a constitutional entanglement with the 10th Amendment," said Michael Cullers, a partner at Squire Patton Boggs. Cullers wrote a March 27 article outlining potential constitutional questions on the firm's Public Finance Blog.
Does Congress have authority to kill tax-exempt municipal bonds?

3 weeks ago | today.westlaw.com | Caitlin Devitt

As Congress eyes the municipal bond tax exemption as one of a raft of potential revenue raisers for a planned extension of the Tax Cuts and Jobs Act, the legality of the move may come into play. "This potential revenue raiser is the only one that...
The Discovery 'Monster' - High Court Highlights Ongoing Issues

3 weeks ago | mondaq.com | Caitlin Devitt

In this case, it was submitted that 1.78m documents had to besearched for discovery purposes. The plaintiff argued that, basedon current discovery rules, it was entitled to an order requiringthe defendant to discover documents even though it already had orshould have those relevant documents in its possession. Thefinancial burden of discovery was highlighted, with estimatessuggesting that discovery alone could cost up to €250,000.
DOT chief cites massive project backlog, need for permit reform

3 weeks ago | bondbuyer.com | Caitlin Devitt

Transportation Secretary Sean Duffy said Wednesday he's facing a massive backlog of infrastructure projects that have been announced by the prior administration but lack the grant funding agreements required to advance the work. "It's easy to blow the kazoo and send up the balloons when you announce a project," Duffy told the Senate Environment and Public Works Committee during a hearing Wednesday.
DOT chief cites massive project backlog, need for permit reform

3 weeks ago | today.westlaw.com | Caitlin Devitt

Transportation Secretary Sean Duffy said Wednesday he's facing a massive backlog of infrastructure projects that have been announced by the prior administration but lack the grant funding agreements required to advance the work. "It's easy to blow the...