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The inside story. Welcome to inside story. Im ray suarez. Just today a federal Appeals Court upheld a Lower Court Decision to block porto ricos municipalities from declaring bankruptcy. Theres probably too many for a population of over 3. 5 million. 78 municipalities some as small as 10 and 15,000. They are traditional units of government. Many older than the u. S. Their inability to get out from under crushing debt may slow down a resizing of the government rather than bringing the day closer. Robert ray visited the island as the fiscal crisis tightened, and time and options are getting short...

Welcome to inside story. Im ray suarez. Just today a federal Appeals Court upheld a Lower Court Decision to block porto ricos municipalities from declaring bankruptcy. Theres probably too many for a population of over 3. 5 million. 78 municipalities, some as small as 10 and 15,000. They are traditional units of government. Many older than the u. S. Their inability to get out from under crushing debt may slow down a resizing of the government, rather than bringing the day closer. Robert ray visited the island as the fiscal crisis tightened, and shorter. Reporter its the new fiscal year in porto...

Is the inside story. Welcome to inside story. Im ray suarez. Just today a federal Appeals Court upheld a Lower Court Decision to block porto ricos municipalities from declaring bankruptcy. Theres probably too many for a population of over 3. 5 million. 78 municipalities, some as small as 10 and 15,000. They are traditional units of government. Many older than the u. S. Their inability to get out from under crushing debt may slow down a resizing of the government, rather than bringing the day closer. Robert ray visited the island as the fiscal crisis tightened, and shorter. Reporter its the new...

Victims after 3,000 acres have been burned. As can you see flames reached one home and several outbuildings and destroyed two structures. A large contingency of San Francisco firefighters are staging right now ready to head out and help. 500 residents are under evacuation orders. Fire broke out after 4 00 and grew to five square miles in a few hours. The fire is burning in rugged terrain which is difficult to reach. This is one of 14 wildfires in california. Law enforcement, friends and family will fill other raquel arena in oakland to honor a hair Police Officer killed in the line of duty, Se...

First, china has devalued the yuan, cutting by 1. 9 . Francine that ends a peg to the dollar. The decision led to the currencies against oneday loss in more than a decade. Run us through the Immediate Impact on markets. Absolutely. This was an abrupt move by the chinese. The yuans biggest drop in two decades and a lot of lingering questions, or questions that will spark geopolitical questions that will have to be dealt with with trading partners. Lets talk about the market impact. We begin with equities which saw a more muted impact. The hang seng index now turning negative. The shanghai compo...