Puerto Rico Highway & Transportation Authority

The judge's record so far suggests a pattern that may encourage further appeals in the biggest U.S. municipal bankruptcy.

Its estimates are more pessimistic than the Oversight Board’s projections of island gross domestic product.

Island residents would recover up to 50% of the value of their losses.

The committee is holding a public hearing on its report on the causes of the debt crisis on Sept. 18 in San Juan.

The Unsecured Creditors Committee continued an effort to change the deal in a hearing on Thursday.

They are also trying to take over representation of the Puerto Rico authorities in Government Development Bank debt restructuring.

The unsecured creditors say that the deal treats the island’s government authorities in Title III bankruptcy unfairly.

Since Puerto Rico formally filed the deal in court on Aug. 10, 13 parties have filed either court challenges or notices of intent to challenge the deal.

Judge Laura Taylor Swain sided with the retired employees, saying the bondholders' security interest was not properly perfected.

The board declined to say what the net impact on the central commonwealth government’s finances would be.

June's unemployment rate was the lowest monthly rate since at least 1975.

Members of Congress and market observers were divided over the ramifications of Friday's court opinion that the U.S. is liable for debt cuts mandated by the Oversight Board.

The judge dismissed Aurelius' argument that the U.S. Constitution had prohibited the means used to appoint the oversight board members.

The board plans to approve a Puerto Rico budget by the end of Saturday.

Magistrate Judge Judith Dein said she'd take up the investigation issue at a June 18 hearing.

The bankuptcy court will hear a motion Wednesday to allow the probe, which could undercut billions of dollars in bondholder claims.

The disagreement over at-will employment is the latest episode on a struggle over policy measures intended to pull the territory out of recession and help in payment of its debt.

The Oversight Board's executive director said the budget's future is linked to government introduction of at-will employment law.

The board gave up on plan to reduce paid vacation and sick time and eliminate Christmas bonuses, but gained a promise of island-wide at-will employment.

The decline in the unemployment rate is mostly due to emigration, a challenge as the territory restructures its debt.