Development chances continue to increase in the Caribbean with the development of Sara now likely by Thursday.

Tropical Storm Sara formed this afternoon and threatens to bring "life-threatening and potentially catastrophic flash flooding and mudslides" to Honduras throughout the weekend, according to the latest update from the National Hurricane Center. A turn toward Florida is still possible, forecasters said.

The National Hurricane Center is reporting a high chance of a tropical depression forming over the next 48 hours, tracking across the Caribbean Sea. All eyes are on the Caribbean, where a developing tropical depression could potentially turn into the next hurricane to hit Florida,