Today the military-backed government of Egypt declared a month-long state of emergency — as supporters of deposed President Mohamed Morsi continue to clash with security forces.
Turmoil continues in Egypt, but as news of $12 billion in aid and an interim prime minister appointment take hold, life on the ground in Cairo is also changing.
Violent clashes between rival political factions, the army and police are scaring off tourists in a country where 10% of the economy is tourism-related.
How the Egyptian military’s takeover is viewed could have financial consequences. A federal law calls for cutting aid to a country where the military deposes a democratically elected government.