WH says McCarthy engaging in 'dangerous economic hostage-taking' when asked about debt ceiling plan

During today's press briefing in Washington, D.C., White House Press Secretary Karine Jean-Pierre responded to an urgent matter that the public and the media have been inquiring about for months now. Has there been any progress regarding negotiations between U.S. House Speaker McCarthy and President Biden's contrasting plans to resolve the debt ceiling crisis we are facing?

According to Jean-Pierre, "Well, we've heard that there's something coming out today. a plan coming out today. Speaker, Speaker McCarthy, is engaging in dangerous economic hostage-taking. You heard directly from the President. He was very clear about this yesterday in the Rose Garden and taking up... That is threatening, as we all know, hardworking Americans' jobs and retirement savings, and in his plans, and so it is clear that extreme House Republicans, the MAGA House Republicans, what they want to do. They've been very clear about this. They have told us over and over again. They want to increase costs for hardworking families, take food assistance and health care away from millions of Americans, and increase the debt when combined with House Republicans proposal for tax giveaways queued up for the super rich special interests and profitable companies. And that seems to be their priority. That is what they've put forth and the President was very clear yesterday. He's like, What are they doing? What is the MAGA Republicans doing? Why would this Speaker, like no other Speaker, has done this before? Threaten default? Why would he do this?"

In sum, it seems unclear at this point, to at least the White House Press Secretary, what exactly President Biden and U.S. House Speaker McCarthy have planned for possible resolutions, or if they are making any progress towards future talks, when it comes to fixing the growing issues stemming from the overflowing amount of debt America is holding.