Storm system could cause heavy rain, damaging winds from N.J. to Florida this weekend

More than 60 million people along the East Coast will face the risk of flooding this weekend due to a major rain and wind storm.

The storm system has not formed yet, but is expected to develop in the Gulf of Mexico, according to CBS News partner The Weather Channel. The storm will be formed by "multiple disturbances" that create a low-pressure system in the gulf that is expected to move north. The National Weather Service said that storm system will join forces with a smaller disturbance that developed along the West Coast on Friday. 

Stephanie Abrams, a meteorologist at The Weather Channel, said on "CBS Mornings" that strong winds, rip currents and large waves are already present in the area.