its outstanding debt. of course, evergrande has more than $300 billion worth of liabilities, reportedly, and it has been trying to come up with this restructuring plan and the judge has been postponing the decision up until now. whether or not this process will be followed remains to be seen because i have been speaking to a pot of expert to say that despite the one country to system slogan there are some thorny jurisdiction system slogan there are some thornyjurisdiction issues. so, even though, if this report is concerned, the liquidator will be appointed by a hong kong court, whether or not beijing would then recognise those liquidators remains to be seen. having said that, the ruling is confirmed is really significant and it will send a shockwave through china s financial markets because for many decades the real estate sector has been a main driver of china s economic growth and also there have been many other developers which have been defaulting just like evergrande, a
liquidation of the company. it basically means its assets will be seized, sold off, in order to repay some of its outstanding debt. in terms of the company public day to day operation including building homes in mainland china, it will probably stay the same for now. this ruling doesn t send a through the chinese financial market because of course for many decades a real the real estate sector has been one of the major drivers for china s economy growth. whether or not this liquidation process will be followed remains to be seen because despite the one country, two systems slogan, many experts that i ve spoken to have said that there are some thornyjurisdiction issues some thornyjurisdiction issues so whether or not the liquidation there liquidator that will be appointed by hong kong court, whether or not that person will be recognised by mainland china remains to be seen. of course a lot of ordinary chinese citizens have been, have invested in evergrande, haven t had thei
the administration is under intense scrutiny as it tries to put out firestorm of criticism over a lack of transparency, but president biden says he is fully cooperating with investigators while arguing, quote, there s no there there. all this coming as two senate democrats are calling for a full investigation. former federal prosecutor alex little is standing by with the big picture, but first, let s go to lucas tomlinson live at the white house with the very latest. hello, lucas. reporter: good afternoon, arthel. many republicans asking more questions about the timeline and why the decision was made not to reveal these classified documents before the midterm elections. nobody should be above the law, but what it comes down to here is the deliberate misleading of the american people. again, when did they know, how many people knew, and did they choose to keep it secret from the american people. reporter: now two democratic senators, tim kaine and joe manchin, say they
encounters just in the first three months of fiscal year 2023. but the biden administration continues to maintain that the border is secure. we re looking live at eagle pass, texas. that s where griff jenkins joins us with the late from there. hey, griff. reporter: hey, good afternoon, eric. and if you weren t just watching that drone, we can take you back up to it. the border patrol air boats just passing underneath the bridge here in eagle pass. it is ground zero here in the del rio sector for this crisis is. these agents in texas dps troopers and national guard here are absolutely exhausted from what has been happening, and that is why these december numbers were so startling. take a look at these numbers. let s go into them. 251,000 migrant encounters in december of which 49,405 were title 42. that means that 200,000, eric, were released into the u.s. that is quite a stunning number there in and of itself. but the the second number is what i wanted to show you. the 717,
ukraine waits as two of the biggest backers balk at sending battle tanks to help the russians. secret deals exposed. a former fbi agent arrested and accused of being a spy and going to a russian oligarch. good morning. welcome to our viewers in the united states and around the world. i m christine romans. we begin this morning with seven people killed and one critically injured in california s second mass shooting in just three days. this one in the northern coastal community of half moon bay. this exclusive on the ground footage shows the arrest of the suspect identified both by police as 67-year-old chen li zshao. two hours after the shootings at two separate locations. we have more. reporter: this is one shooter going to two different locations killing a total of seven people and leaving at least one in critical condition. according to authorities, this happened at around 2:22 p.m. on monday local time here in california and the shooter went to the first location shoot