House Freedom Caucus Holds News Conference On Biden Administration's Performance
Rep. Scott Perry (R-PA) speaks during a news conference with members of the House Freedom Caucus outside the U.S. Capitol on February 28, 2022 in Washington, DC.
  • The House Freedom Caucus unveiled a plan to address the debt ceiling through major spending cuts.
  • The White House launched a campaign attacking the plan on Monday, saying it would be disastrous for families.
  • The plan would cap future spending at the 2022 enacted level for a decade.

The White House is sounding a "five-alarm fire" over House Republicans' plan to pare back on the federal budget.