i'm dan lieberman in new york.ad of a meeting at the white house wednesday, president biden will ask house speaker kevin mccarthy for what budget cuts his party is seeking to raise the federa debt limit, demanding the speaker agrees to avoid a government default on federal debt. >>> nikki haley, the former governor of south carolina, who served as president trump's ambassador to the united nations is planning to announce her own run for the white house on fweb 15th. she'll go up against her former boss, currently the sole republican seeking the 2024 republican nomination. >>> and a green comet that hasn't aperiod in the sky since the neanderthals 50,000 years ago will make its closest approach, expected to brighten in the northern hemisphere today and thursday. better look while you can. it might not return for millions of years. >>> for more, download the cbs news app on your cell phone or connected tv. i'm dan lieberman, cbs news, new york. >> announcer: this is the "cbs overnight news." >>> tonight, former presi

with more in today's cbs "money watch" report, here's dan lieberman. >> reporter: wall street closedstrong earnings and encouraging inflation data pushing the s&p 500 to its best january since 2019. the dow added 368. nasdaq was up 190. s&p 500 gained 58 points. >>> digital payment company paypal says it will cut about 2,000 full-time jobs citing a challenging macroeconomic environment. it joins other tech companies that announced tens of thousands of layoffs in january alone. it will make the cuts over several weeks. paypal is the parent company of venmo and other brands. >>> mcdonald's saw higher traffic during the fourth quarter with store sales rising 12.6% beating wall street's expectations amidst higher prices. adult happy meals and other limited time promotions helped with sales, but the company warned higher food prices, labor, and energy costs will weigh on its margins this year. >>> barbie will introduce a new chelsea doll with scoliosis as barbie's little sister as the brand continues to make strides to be more inclusive in its lineup. the doll features a curvature in the

for matter of fact, i'm dan lieberman in seattle.ad: legal experts say in order for the lawsuit to succeed, seattle public schools must prove a direct causal link between these companies' algorithms and the youth mental health crisis. >> next on “matter of fact.” >> shame on you. shame on you. >> outrage over what america's children learn in the classroom. soledad: is there something different now, do you think? >> a history professor breaks down the never-ending education debate in our country. >> these days, it gets called critical race theory. generations ago called communist subversion. >> plus, this family owns and operates the only black-owned farm in their arkansas town. now they have their sights set on making history again. >> there's more to this town than just a bunch of old farmers. >> and later, from the most crude to the modern. we'll take you inside this tiny building in alaska that is home to thousands of historical hammers. you are watching "matter of fact i have moderate to severe crohn's disease. ctnow, there 1's s