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It was designed to make sure that we can carry the nation forward. we sent you a lot of money. we're going to send you more. >> sandra, president biden has consistently said passing build back better is the way to fix inflation. but with negotiations essential ly stalled, it's going to be awhile until americans can see a fix. >> sandra: thanks. it's been a rough month for your money. not just from those rising prices. all the major markets suffering steep losses in january. the s&p 500 posting their worst performance since the start of the pandemic. this as president biden is looking to the fe...

>> the president obviously wanted to add to it more than anything. i thought it was in the best interest of our communications department and our press organization to not have too many cooks in the kitchen. >> i think there's been at times a disconnect between the way we see the president and how much we love the president and the way some of you perhaps see the president and to use a wall street expression, there might be an arbitrage between how well they are doing and we will work hard to close that spread. >> james: there is an arbitrage strip spread. the first comment from sean spicer is...

With reporters at yesterday's briefings. he said not to expect any drastic changes for the next few months because he thinks for the most part things are going pretty well. he does want to take some time to get to know his team and see how things work before making any minor changes. one change he did lay out is his plan to work with reporters to help them cover the administration more fairly. >> i think there's been at times a disconnect between the way we see the president and how much we love the president and the way some of you perhaps see the president. i certainly see the american peopl...

Staff, is he your boss? do report directly to the present? >> so, i'm going to let reince answer that. i have no problem working for reince. i can only speak about my management style. i have been on wall street for 29 years. nobody has ever worked for me. people work with me. i believe in a lot of collaboration. i think if you do that, it's a very, very empowering for people. i have no problem working for reince. the president said a report to him directly. listen, you guys are going to be very, very surprised about the relationship i have a reince and the closeness we are going to have, in t...

Chief of staff, he is your boss, or do you report directly to the president? >> okay, so i'm going to let reince answer that. i have no problem working for reince, i can only speak about my management style, okay? i have been on wall street for 29 years. no one has ever worked for me, people work with me. i believe in collaboration. i think if you do that, it's very, very empowering for people. i have no problem working for reince, the president said i report to him directly, but you will be very, very surprised about the relationship that i have with reince and the closeness we will have in t...