Biden McCarthy reached a

to avoid default and here's what's in it.

President Joe Biden and House Speaker Kevin McCarthy

have reached a death ceiling that

on June 5th deadline.

Biden described the bill as a compromise where no one got

everything they wanted. The 99-page agreement includes provisions to keep

non-defense spending stable in 2024 fiscal year and increase it by 1% the following year. It also included a two year debt

limit increase. The deal fully funds Medicare for veterans including 20.3 billion

out of fund for toxic exposure Exposure and Expands Work Requirements for the super supplemental

Nutrition Assistance Program, SNAP, with changes expiring in 2030. The agreement resents around $30 billion in unspent

coronavirus relief money while exempting funding for veterans medical care housing assistant Indian

health service and a program for COVID-19 vaccines. It introduces changes to the

National Environmental Policy Act to streamline the process.

Additionally, the deal ends the pause on student debt loan repayment within 60 days.

Although the GOP's proposal to rescind the White House plan to waive student loan debt did not make it into the package.

The House is set to vote on the legislation on Monday.

So here's six things you must know from the new debt ceiling from political number one work

requirements.

The deal tightens work requirements for SNAP and temporary system for needy families and it introduces new time limits for receiving food assistance affecting individuals up to 54.

Number two, energy permitting. The deal permits

mining changes to the permitting process for energy projects, clean energy

...