. welcome back to "face the nation." we want to turn now to the economy and that surprising jobs report for the month of january. we're joined by a former top economic adviser under the trump administration, gary cohn, who is the vice chairman of ibm. good morning. good to have you back here. >> thanks for having me. >> so 517,000 new jobs, but a lot of companies, particularly in tech, are announcing layoffs. so exactly where is the economy headed? >> so, it's interesting. we did see the 500,000 plus new jobs, which was quite surprising, i think to many of us. i think what we're actually seeing here is a re-normalization of the new economy. a lot of jobs that we saw were jobs in the service industry. the service industry is coming back very strong because we're starting to see the economy go back to what we historically

think of the economy. for the first time we've seen occupancy rates in offices in major cities over 50%. when you see occupancy rates go up you need the service sector to work. think about people going back into the office. they need parking attendants, people to work in the building, security, people to clean the buildings, people stop for coffee, they go out to lunch, go to bars. for that to happen, you need the service sectors to come back to work, so the 128,000 service sector employees that came back to work, that 100% correlates with people going back to what is the new normal. it may not be five days a week in the office, but it's enough days in the week in the office where you need the service sector to come back to work. the interesting thing about last month's employment numbers we brought people back to work, but we did not have to entice them with pay. so the monthly -- the month over month number in wage gains was 30 basis points.

the prior month was 40 basis points. we're seeing and we're getting people back into the labor force for a lower wage than prior to this. >> on the inflation front? >> i think this is natural. what we've seen is after the stimulus that was put in the system over the last three months, people are running out of stimulus money, saw that in the fourth quarter, we saw consumer spending slow down, we saw debit balances on credit cards go up, delinquencies go up and people actually did the right thing and they went back to work and they re-engaged and entered the workforce and i think we saw a lot of that in the january numbers. >> so these more positive signs have led bank of america to say recession, still in the cards, but not until after march. i wonder what your thoughts are on that and as ceos warn about borrowing costs going up as a result of the fed hiking, they are tightening belts, so how far off is this recession?

>> well, we've got a couple phenomenons going on. interest rates have been going up, borrowing costs have been going up for companies. on the flip side the dollar has been weakening so the multinational corporations in the united states who repatriate earnings from tho repatriated earnings have become more valuable. i think the people that have been really worried about a recession in the first and second quarter of this year, i think after what we've seen this week with both chairman powell's announcements and the data in unemployment, i think that recession is off the table for q1 and q2 of this year. we're going to get another employment report before the next fed meeting and we'll see where the economy is going, but it does feel like we're in relatively good shape here. the question is going to be, how does the federal reserve handle what's going on in the economy? are we going to continue to have to increase wages to draw people back in the labor force or are people coming back in the labor force because they need to and we're not going to have wage

inflation. if that happens the federal reserve is actually in a very good place. >> let me ask you about something the fed chair said this week. he said congress has to lift this debt ceiling. one of the things that could screw up your rosy prediction at you. no one should assume the fed can protect the economy from the consequences of failing to act in a timely manner. he's warning. he's not making plans for a default. you're on your own if it happens. >> yes. >> should there be a plan for the fed to step in? legally it's in question here, but i talk to people on capitol hill who say, wall street is not taking this seriously enough. the politics are really bad around the debt ceiling. >> the politics are very bad. the one thing is, every american, every american is holding the u.s. government to raise the debt ceiling. the full faith and credit of the u.s. dollar and the u.s. dollar being the reserve currency, is imperative to our economic well being as a country. we ultimately have to get the debt ceiling raised.

that said, what's going on here is not something out of the ordinary. if you look at debt ceiling raises over the last 40 or 50 years, no matter which party is in the minority, about 50% of the time debt ceiling raises come with some amendments attached to them from the other party. so this is quite normal the process that we're going through. >> you don't sound overly concerned? >> look. i'm always concerned when we're dealing with debt ceiling, but i have a feeling we will get there in the end when we have no other choice. you had the speaker here last week, and he felt confident that we would get there when we had no other choice. the speaker met with the president of the united states this week. the two of them came out of the meeting relatively confident. i feel they both understand there is no choice in the end of the day, we have to raise the debt ceiling. the question is, can the republicans get something in the legislation attached to the debt ceiling legislation that they want that they feel like is a win and the democrats are

willing to give it to them? historically, that is what's happened numerous times. >> yeah. and the risk there is real. i want to ask you as well about china. mark warner was here with us last week, and he said technology competition with china is the biggest issue of our time. he's worried about things that -- like your company does, ibm, in terms of quantum computing. is enough being done to keep america competitive on that front? >> we're starting. if you look at where we've been this year, we passed the chips act in the united states, which, you know, is something that's not a normal motion for us in the united states for the federal reserve to pick and choose -- >> to subsidize. >> to subsidize it. it's not a normal action. it's an action historically i would not have been supportive of. i was extremely supportive of the chips act. we at ibm are extremely supportive of the chips act. if we learned nothing else from the pandemic, we learned there

are certain goods that are necessity goods for this country to have and we are overly reliant on places like china and if we don't find ways to change the manufacturing system in the supply chain and move it back to the united states where we can take care of ourselves we have made a catastrophic miscalculation. chips are one of those areas where we cannot depend on the rest of the world and run our manufacturing business and continue to grow our economy. pharmaceuticals is another area where we really have to move that industry and that manufacturing back to the united states. we have to evaluate what are the crucial and sentive businesses and industries we cannot live without in the united states and we have to make real investments in this country. >> we'll keep talk about it with legislators have to figure out how to pass those laws. we'll be talking with four members of the freshmen class in the 118th congress. when you need some of the brightest minds in medicine.

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joining us now for a look at the new congress, a group of freshmen house members. congressman robert garcia is the president of the democratic freshmen class from the state of california, gentleman next to him, new york republican congressman mike lawler, congresswoman summer lee is a democrat from the state of pennsylvania and congressman zach nunn is a republican from iowa. i want to talk about some of the things you all think you can get done here in washington. congressman lawler, the former speaker nancy pelosi recently told "the new york times" that democrats could have held on to the house if new york politicians had realized earlier on that crime was such a key motivating issue. in the last congress, they green lit about $4 billion in grants for local law enforcement. do you think that money now needs to be accompanied by some kind of reform, something more on crime? >> here in washington, there's a lot of bipartisan support, i think, for especially making

sure that law enforcement has the resources they need and the training that they need to do their jobs effectively. i think, obviously, the situation in tyre nichols is a horrifying example, but i think there's a lot of area where we can work together to address the rise in crime and why we are seeing a rise across the country. >> like what? >> what are some of the root causes of why we're seeing such an increase in crime, gang activity. obviously, you see the scourge of fentanyl pouring into our communities, drugs being dealt that are having a devastating impact. so i think there is a lot of area where we can work together to address these challenges. >> what about you, congressman? this is your party in the majority. $4 billion in grants went to local law enforcement. does congress need to do anything more to address crime? >> when i was chair of the judiciary at the state level iowa moved aggressively after

the george floyd homicide. we said we were going to allow our attorney general to investigate crimes directly so we weren't waiting on county attorneys. we made sure bad law enforcement officers couldn't be cycled through without some kind of background check and made an investment in mental health across the state and our regional, urban and rural communities, had access to that. ultimately we worked with our law enforcement to make sure that law enforcement had a better relationship with the community, rather than one of conflict. there's some tangible successes we've seen at state levels. let's bring those to the federal level and make sure they work the same way. >> you want to see more legislation on -- >> i think there's more that needs to be done. what doesn't need to be done are what i will call the fig leaf grants, the idea we can just hire more minority officers in rural iowa. that is a challenging thing to do. we should be identifying -- we saw tragically even in memphis that alone is not a silver b bullet solution. we have to get to good policing and recognizing when there is good law enforcement we hold

that up as a partner in the community. it needs to be accountable. i think far too much of this has gone to, you know, some major metropolitan areas which have seen crime spike in those neighbors. >> congresswoman, you said it would be good to revive the gerge floyd policing act but we're so far past that right now we need to kind of escalate the conversationfaster are calfor? >> so, let me be really clear, there is a proliferation of disinformation and bias in conversations about crime and conversations about policing, and to be very clear, police violence is crime. we cannot say that we care about crime but then do nothing, choose to do nothing, over and over when the crime is committed by a police officer. there are statistics that show that less than 2% of police officers who are engaged in a misconduct are ever indicted at all. while we can all celebrate that five black police officers right not escape us, only when they were black it was swift action, a sixth not black and there was

not swift action, that we can say that tyre should be alive, so should atanya na jefferson and an toin jefferson and mike brown and so should fill lin do castillo, all be alive. talking about crime and how we're going to solve it, we need to change the conversation, we need to acknowledge that public safety does not begin with policing. public safety begins with investments, it begins with addressing our own implicit and explicit biases and policy making and education and appropriations. >> when the president talks about reviving george floyd policing act, you're saying not as it's currently written. you want more measures? >> absolutely. i want us to be intentional at every step about addressing racial bias, about addressing poverty, addressing crime and addressing police violence. >> i think representative lee is absolutely right. i would vote for the george floyd policing act if it was on the floor tomorrow, but more needed to be done. >> it won't be put on the floor

under republican leadership. >> i want to be clear when our colleagues bring up more should be done around this issue the truth is you look at california and most of the country, we are saer today than we were 15, 20, or 30 years ago. statistically. and so there's a lot of concerns around crime and should be.well ct ththt every singlehe's loof focus on crime and inner cities, and the truth is that we are safer than we were 20 or 30 years ago. >> there was a spike? violent crime -- >> in new york state in particular the reason there was a focus on crime by voters is because they didn't feel safe. you had people being pushed in front of oncoming subway cars, people stabbed in the street. by the way, the vast majority of victims of crime are black and brown people. so to act as though there's not a crime issue, i think is dismissing the fact that it is serious and people do not feel safe and so yes, we need to

address the root causes of why someone may turn towards crime or why they may find themselves as part of a gang, but we also need to hold people accountable with the decisions that they make part of the problem here is that oftentimes it is very easy to go say law enforcement bad. but the vast majority of people who are in law enforcement are good people. i come from a community that has strong law enforcement prce 50% of households in my district have a cop, a firefighter or a first responder in them. they're good people and want to do right by our community. >> the vast majority of poor and working class neighbors are good people and victims of crime. for instance -- >> there is no police presence when they're a victim of waste theft. we're not seeing anybody fear mongering -- >> i passed legislation -- >> i would like to see it happening here.

what we don't see, when talking about crime, we're talking about white collar crime, to hold corporate criminals accountable, taking any strides in any level of government to do about that, but we talk about the crimes of desperation and in marginalized communities. >> i want to ask you about other issues. immigration and border security. it has been years and there has been failure to legislate on whatngiffere in coness now? doou see hope for this? >> i do. i really do. the challenge right now is until we secure the border we have a porous situation where the folks coming here illegally are jumping ahead of the folks coming legally. the folks that have set up shop in america and want to be got citizens are out foxed by people encouraging to come here illegally. it's not like everybody has the chance. it's those who can get here. >> most republicans in this congress have been disingenuous on immigration. i had the privilege and honor of becoming an american in my early 20s. i love this country.

immigrants love this country. they want an opportunity to be here, pathway to citizenship. >> you're talking about dreamers and border security. >> you can do both. >> what part of this can get through in congress? which piece? >> all of the above. >> done. i agree on that. >> the thing is that unfortunately, we -- there's a myth that democrats somehow aren't secured about a border or don't want ap orderly process. we want to make sure we secure our border but talking about the humanity of people. these are people that are coming to this country desperate, that are suffering, and so this idea that we can't give these people justice, we can't support and help them, i think is anti-american. i am hopeful, like some of you, i have talked to some republicans on the other side that have an interest in a broader immigration reform package. that's something i hope we can work on. >> my wife is an immigrant as well. she came to this country about a decade ago in search of economic opportunity. she comes from eastern europe. a former soviet satellite state.

bottom line here is this, we embrace immigration. all right. but we have to have a legal process. you need to secure the border. we need to increase border patrol, we need to increase the number of judges and court personnel to hear asylum cases. nobody should be waiting two to three years to hear an asylum case with the hope that they may come back for the court hearing. that's insane. and then we need to fix the legal immigration process so that people who want to come here, can do so legally and contribute to our communities, to our culture, to our economy. and i think there can be broad bipartisan agreement on this if everybody is willing to kind of give a little. both sides have failed on immigration. for years. for years. this is not one party or the other. both sides have failed miserably here. we have a situation that is unsustainable. >> i want to move on to governance and debt. can i see a show of hands, are you all confident america will

avoid defaulting on its debt? >> yes. >> yes. >> show of hands. >> i would like to think so. >> i hope so. >> you're confident we will avoid the cliff. >> we absolutely will. the bottom line is this, we have incurred debt previously we have an obligation to pay that and we will lift the debt ceiling. >> do you believe some of your republican colleagues who have been very -- in very different place on this, will come along and that party -- >> absolutely. but here's the point i would make. over the past many decades, major spending reform has been tied to the debt ceiling, okay. the white house needs to recognize one thing. one party rule in washington is over. they need to negotiate with the speaker in good faith to come to a long-term agreement that puts us on the path to fiscal solvency. >> social security, health care, including medicare and medicaid and then defense are the three biggest line items. where do you cut? if you have to have this conversation where do you cut? >> defense. the reality is that we can't

keep asking the same people to compromise over and over. when we talk about these conversations we have to humanize them and be clear, what we are proposing to cut, who are going to be impacted by it. >> we've been spending all this money on is getting our country back on track. we went through the single largest loss of life event in the modern era of our country. we lost over a million americans. we spent money trying to keep people alive, busesseafloat, we spent money to ensure people were housed, people that needed support. yes, we spent. there was a significant spending, but it was spendingg government is the solution for this. i'm saying states like iowa, people were the solution. >> we're in the business of governance. of course government is -- >> absolutely. so let's respect -- >> as far as the unity amongst republicans around the debt ceilin there is no unity. the democrats are united. we're not going to cut social security or medicare. i'm interested to know how we're going to get to this resolution. we know that this issue, at the

end of the day, impacts working people the most. >> the discretionary spending you would cut is in defense? >> listen, i think -- >> you just -- >> raising taxes on billionaires and corporations. that's where we would get more support. representative lee is right, we have to look at an institution like the pentagon -- >> let's be clear here, if somebody is looking for an opportunity to go to college they have the opportunity to serve in the military and it will help pay for them to have the privilege of going to college. i will not do is see members of the military on the front line defending our opportunity to even go to college have their opportunityo telcut because oklm humanize.mize it a difference between sending our troops somewhere defenseless and looking at our defense budget. >> right. >> which is the highest of the next 20 countries combined. >> right. >> we're not saying we're sending -- >> we're forced to defend the

world. >> endless wars. with endless wars. >> you know, speaker mccarthy on this program last week said when it came to cutting discretionary spending, one of the places he would look to trim fat was the defense department. >> margaret, i don't -- >> you don't sound like you're okay. >> first of all what he did say, we're going to protect social security. people paid into that and deserve to have that back. republicans are committed to that. let's take medicare that has gone out there to make sure people have access to the health care they need to be successful off the table. when it comes to defense spending, what i heard was cutting things across the board. if there's a review, everything should have the opportnity to be assessed. >> you're on board -- >> [ inaudible ] a cut? >> looking across the board. i would say here's where we have been successful in iowa that has the number one growth rate we don't spend more than we take in. >> who are you going to cut? >> who are we cutting >> how about we grow the economy to begin with. >> we haven't had a real budget -- >> grow the economy -- >> in a long time. you have to go line by line and

need these departments and agencies to justify their spending. >> right. >> they have not had to do that in a long time. we need a real budget process as part of this negotiation. >> which takes time. we're going to have to leave it there. thank you all for coming in and i want to thank each and every one of you for joining our panel. >> thanks, margaret. >> thanks for having us.

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>> announcer: this is the "cbs overnight news." i'm lana zak in new york. thanks so much for joining us. u.s. navy divers are in the waters off of myrtle beach, south carolina. part of the massive search effort for a chinese spy balloon shot down over the weekend. it marked the end of a days-long diplomatic crisis. china claims it was collecting weather data and had simply drifted off course. they say they reserve the right to make further responses. secretary of state antony blinken canceled his trip to china, a visit that was intended to thaw icy relations between the two countries. senate republicans including ted cruz and marco rubio criticized the white house for not taking

action earlier.allofu week for the chinese to conduct spying operations over the united states over sensitive military installations, exposing not just photographs but the potential of intercepted communications. >> it's not a coincidence that this happens leading up to the state of the union address, leading up to blinken's visit to china. the chinese knew that this was going be to be spotted. they knew that we were going to have to react to it. they flew it over military installations and sensitive sights across -- right across the middle. look at the flight path of this thing. it's not just the balloon. it's the message they're trying to send the world, that we can do whatever we want and america can't stop us. >> david martin has more from the pentagon. >> they just shot it. >> reporter: a single missile fired by a jet fighter -- >> see the smoke coming from it? >> reporter: -- ended the brief spectacular life of the chinese balloon at 2:39 saturday afternoon.

>> it seems to be coming down. >> reporter: carrying out an order president biden issued to the pentagon earlier in the week. >> we decided that the best time to do that was when it got over water outside -- within a 12-mile limit. >> there it goes. >> reporter: the balloon went down six miles off the coast of south carolina, spreading debris over a seven-mile area where navy ships were waiting to pick up the pieces. >> it's going to be really interesting if we're able to recover this to see what they had on board. >> reporter: the former number two officer in the u.s. military, retired admiral sandy winterfeld, is not sure why china would conduct such an in-your-face spy mission, violating american air space in full view of anyone who looked up. >> i know that things are not necessarily always well coordinated. i would not be at all surprised if there's somebody being taken to the woodshed in china right now. >> reporter: china has made no secret of its high-altitude balloons and has sent them over u.s. territory before. but never like this. the balloon crossed over alaska last weekend, rode the jet stream down to montana where

intercontinental ballistic missiles are based. and then across the entire ed woadewith camas a anls. shooting it down even over sparsely populated areas was considered too risky. >> any potential debris field would be significant and potentially cause civilian injuries or deaths. or significant property damage. >> reporter: the end game began as it neared the east coast and fighter jets started moving in for the kill. now it lies in 47 feet of water waiting for investigators to put the pieces back together and solve the mystery of why china sent it here. >> that was david martin reporting. the democratic national committee took the bold step to drop both iowa and new hampshire down in the primary schedule. the voting will now start in south carolina, then on to new hampshire and nevada on the same day, then comes georgia and michigan.

the party says that the new line-up more closely reflects the demographics of the nation. of course if president biden runs for re-election as expected, there may not be any democratic primaries of significance next year. but a new poll shows many americans don't want to vote for president biden or donald trump in 2024. an abc/"washington post" poll found 58% of democrats said they'd rather nominate someone other than president biden. and nearly half of republicans said they'd prefer someone other than mr. trump as their nominee. and donald trump may also face some fund-raising problems. conservative groups led by billionaire financier charles koch says that the country is ready to turn the page on the past. they didn't name trump specifically but say they intend to spend money in the republican primaries and announce their choice for president by the end of summer. in ohio about 2,000 people are still under evacuation orders following a huge 50-car

train derailment. the accident outside of akron near the pennsylvania border sparked a massive fire, as you can see here. the train was carrying hazardous materials and the environmental protection agency is on the scene. so far no injuries have been reported. the cause of the derailment is under investigation. a possible disaster was averted at the austin international airport in texas. a fedex cargo plane was coming in for a landing when the pilot noticed a southwest airline plane on its runway. the fedex pilot made a steep climb to avoid a collision. it looks like the mistake came from air traffic control, but the faa and ntsb are investigating. last week marked the end of an era in commercial aviation. the last 747 to roll off the boeing assembly line was delivered to the cargo carrier atlas air. no more will be made. the 747 has been carrying people around the world since its groundbreaking debut in 1969. boeing held a star-studded going away party before the final jet flew off into the sunset.

kris van cleave reports. >> reporter: an event fit for the queen of the skies. after more than five decades this is the last brand new 747 that will ever be built. >> as a pilot i know how great this plane is to fly. >> reporter: among those paying tribute, actor john travolta. >> there's nothing like seeing a 747 take flight to remind you that there's also magic here. >> reporter: we visited boeing's everett, washington plant as the plane was in final assembly, just days before it rolled off the line, made its first test flight and was bathed in about 120 gallons of paint. >> every time you finish a job you know that it's going to be the last time you do it and it just kind of tugs at your heartstrings. >> reporter: sherry muey built 747s for the last 15 years. her father started working on the same line 43 years ago. >> my favorite thing about the 747 would just be that it's so iconic that you see it in the

sky, you see it at the airport, you know exactly what that is. it brings a lot of pride knowing that hey, yes, i helped build that. >> it's not just another airplane. >> not just another airplane. >> reporter: the 747 was the world's first jumbo jet, twice as big as any other airliner when it first flew back in 1969. >> pan-am will bring you the world's first 747. >> reporter: pan-am welcomed the first passengers on board a year later. with its spiral staircase, first-class lounge, and that iconic hump. the 747 was an instant hit. while those newer, more fuel-efficient planes are bringing about the end of this queen's reign, especially as a passenger plane, the final 747, a freighter, will likely be delivering goods for years to come. i'm kris van cleave in everett, washington. >> pride and a little bit of magic in the skies there.

i'm lana zak in new york. the "overnight news" continues in just two minutes. ♪♪ ♪♪ ♪♪

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>> announcer: this is the "cbs overnight news." i'm nicole sganga in washington. thanks for staying with us. climate change has led to rising sea levels and touched off a water war for shoreline communities. some are going to extreme lengths to sweep back the tide. ben tracy reports. >> well, you have a beautiful view here. >> yep. that's the atlantic ocean right there. >> reporter: 30 years ago jim hartsworn looked down at this endless expanse of blue water and decided north carolina's outer banks felt like home. when you first bought here back in 1993, did you worry about sea level rise?

was that even in your thought process? >> i didn't think it would happen quite as quickly as what it did. i thought it wouldn't happen in my lifetime, let the kids worry about it. but i've had to worry about it here the last ten years. >> reporter: the ocean has become an increasingly greedy neighbor. storms are more frequent and more fierce. parts of these barrier islands, which look a bit like a kid tried to trace the coastline, have retreated more than 200 feet in the last two decades. some beaches are now losing about 13 feet a year. this past summer video of the atlantic claiming yet another beach house just up the road from jim hartsworn went viral on twitter. >> you have to take the good with the bad. it's wonderful to be out here. it's pretty, but you have to know the ocean's coming for you. >> reporter: so the water used to come under your house sometimes? >> yes. at high tide -- >> reporter: he's trying to delay that day by reinforcing the pilings that hold up his

house and rebuilding this staircase. the old one washed away during a recent storm. >> so this year alone how much have you spent repairing storm damage? >> approximately $22,000 for storm damage. >> that's real money. >> oh, yeah. that's real money. yep. >> reporter: hartsworn and his neighbors are getting help from north carolina's dare county which is spending $35 million to widen 12 miles of coastline along the outer banks. a few months ago waves were hitting these pilings. now he has a six-foot-tall dune and a few hundred feet of new beach. >> so you've got some nice protection here now. we really do. >> reporter: the county also spent $155 million to build this bridge over the water because highway 12, the only way in and out, kept flooding. years ago the historic cape hatteras lighthouse was moved nearly 3,000 feet inland, an

ironic warning of the dramatic climatic changes to come. >> you're not going to stop the ocean. you're not going to completely engineer your way out of this challenge. we will have to think about how we move infrastructure, how we move people. >> reporter: reed corbett runs the coastal studies institute on the outer banks. >> yes, sea level has changed in our past but it's changing at a rate that we haven't seen before. >> reporter: he took us out to the marsh where he and other scientists collect soil samples that are a peek into the past. >> the soil basically gives you a history of what this marsh has done. >> reporter: he says their research shows the rate of sea level rise here has doubled in the past 100 years. >> that's a pretty aggressive acceleration. >> yeah. and we're just starting to see the ramp. we're looking at a foot rise in the next 30 years. that's going to impact most homeowners on the outer banks during their mortgage. so it's not about putting it off to the next generation. it's happening today.

we're seeing those impacts today. >> reporter: sea level rise is accelerating due to global warming, caused mainly by the burning of fossil fuels. it's causing the world ice sheets and glaciers to melt. a new nasa report says sea levels along u.s. coastlines are expected to rise as much as 12 inches by 2050. with the southeast and gulf coasts seeing the most change. by 2100, 13 million americans could be displaced and $1 trillion worth of property inundated. east coast cities such as miami are already struggling with flooding, even on sunny days. and hurricanes and storm surge along the gulf coast are expected to get more intense. >> so the intent here is to provide multiple lines of defense. we're going to build from this line out. >> reporter: kelly burks copes is with the army corps of engineers in galveston, texas. it's planning to build a system of massive gates here designed to fend off 22 feet of storm

surge. and 43 miles of sand dunes to protect against rising seas and stronger hurricanes. the project is estimated to cost $31 billion. >> it will be the largest infrastructure project in the nation for the next 20 years. >> is this where we're at with climate change that we have to do things like this? >> i think that it's a necessity. if we're going to continue to live close to the ocean. if we want to live here on the coast, then we have to provide a level of defense. >> this is where your home was? >> and i have the address to prove it. >> oh, man. >> right here. >> right here. >> a whole house. not even room for a toilet now. >> reporter: jean tollini thought she had it made. >> you can see where i was. >> this is your house here. >> yeah. >> reporter: living high above the pacific on the cliffs of pacifica, california. >> there was a 20-foot front

yard, a 900-square-foot house. then there was like maybe 25, 30 feet until you came to this white picket fence in the back yard. and it felt like i could get drunk, roll out the door, hit the fence and i would be safe. i thought i was golden. >> reporter: she was wrong. punishing el nino storms in 1998 turned her california dream home into a nightmare. she woke up one morning to find her yard was gone. >> there was nada, nothing, zip. and it was terrifying. i mean, it was like how did this happen? and so quickly. and i slept through most of it. >> reporter: that morning she called friends to help her quickly move out before her house and 12 others had to be torn down and pushed into the ocean. since then entire apartment complexes have realized that they too picked a losing fight with the pacific. of course erosion has always been a part of life on the west

coast, but scientists say climate change is accelerating it, threatening nearly all of california's 1,000 miles of coastline and billions of dollars' worth of real estate. >> if you believe there's going to be more water, then there's going to be less land on every coast around the world. >> reporter: and having lived on the leading edge of climate change, tollini has no doubts about who has the upper hand. >> mother nature's always going to win. and she has got a bone to pick with the human race. and i don't blame her. >> ben tracy on the beach. the "overnight news" is back in two minutes.

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was diagnosed with aadc deficiency, an extremely rare disorder that interferes with the way cells in the nervous system communicate. >> i remember googling, and it says no cure available. my heart just shattered, and i thought it was over. >> reporter: but months later a gene therapy clinical trial in taiwan would change everything. >> we were so thankful. >> reporter: in a minimally invasive surgery doctors delivered genetic material directly to riley ann's brain, curing the condition. >> and just by having the one procedure you're able to correct the genetic defect so that the patient has restorative life for the rest of their life. >> reporter: the treatment transformed riley ann's world. she's now a healthy and active 4-year-old. >> she went from being basically paraplegic, can't move, can't thrive, to interacting with the world. >> it's a new life for her. >> reporter: riley ann's new life could give hope to others,

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what could be inside the sarcophagus. a beautiful mummy of a man completely covered with layers of gold. >> reporter: inside a man, his jewelry still visible, who the hieroglyphics say was named hekashepes. archaeologist dr. zahi hawaz says he's the oldest non-royal mummified person ever discovered in egypt. his resting place at a site called saqqara near what was ancient egypt's capital. it's also where statues and other relics were unearthed. >> saqqara is very important place. it reveals many important treasures. >> reporter: egypt has seen a flurry of archaeological finds which the country hopes will help boost tourism. it was a century ago that the boy king tutankhamen was discovered at the bottom of the stairwell by egyptologist howard carter. king tut died around 1324 b.c. hekashepes was roughly 1,000 years older.

archaeologists say he's no royal but the way he was buried signals his importance. and after thousands of years seal

after escaping the war in their homeland, members of the united ukrainian ballet made their u.s. debut at the kennedy center in washington. it was their sole engagement in the u.s., and it wrapped up last night. christina ruffini went backstage for this report. >> reporter: for members of the united ukrainian ballet the stage is a refuge. >> the time you can't plan something or think about the past. >> reporter: last february alexiy knyazkov was about to star in romeo and juliet at the kharkiv national opera house. instead he found himself at the center of a different tragedy. >> you don't think about performing or something like this when aircraft go over your

house or you hear explosions. >> reporter: vladislava inotenko fled odesa with dance clothes and a single pair of point views. >> we didn't dance for a long time because the most important thing was to save yourself. >> reporter: the company of 60 relative strangers formed with the help of professional dancers, who found housing and rehearsal space in the hague. they're touring the world to remind audiences what's happening at home. >> of course we all wanted to come back to ukraine to see our families, friends. >> but it's hard to plan right now. >> you can't plan anything. maybe tomorrow everything will change. will we have our home tomorrow? you don't know. >> reporter: their final act still uncertain. christina ruffini, cbs news, washington. >> and that's the "overnight news" for this monday. be sure to check back later for "cbs mornings." reporting from the nation's

capital, i'm nicole sganga. this is cbs news flash. i'm matt pieper in new york. schools in east palestine, ohio are closed following a 50-car fiery train derailment from friday night. the train was carrying hazardous materials. which is why there's still a mandatory evacuation order for those who live nearby. no one's been hurt. the brooklyn nets are trading kyrie irving to the dallas mavericks. in exchange the nets get two players and a package of draft picks. irving requested a trade just on friday after talks on a possible contract extension broke down. and at the grammys history is made as beyonce becomes the winner of the most grammys ever with 32 and kim petras becomes the first openly trans woman to take home a grammy. harry styles won for album of

the year. for more download the cbs news app on your cell phone or connected tv. i'm matt pieper, cbs news, new york. it's monday, february 26th. this is the cbs early morning news. deadly earthquake. an earthquake kills hundreds in turkey and syria. we'll show you the destruction the quake left behind. balloon fallout. reaction to a suspected fall balloon from china being shot down by the u.s. what lawmakers have to say. grammys historic night. the big performers and bigger winners at last night's awards show. learn which artist made history and who broke records. >> good morning. good to be with you. i'm anne-marie green. breaking overnight, a search for survivors nd