The debt ceiling agreement is now on its way to President Biden. The agreement contains changes to SNAP food benefits, student loan payments and unspent COVID-19 money. TWO-YEAR DEBT LIMIT SUSPENSION, SPENDING LIMITSThe agreement would keep nondefense spending roughly flat in the 2024 fiscal year and increase it by 1% the following year, as well as suspend the debt limit until January 2025 — past the next presidential election.For the next fiscal year, the bill matches Biden's proposed defense budget of $886 billion and allots $704 billion for nondefense spending.The bill also requires Congress to approve 12 annual spending bills or face a snapback to spending limits from the previous year, which would mean a 1% cut.The legislation aims to limit federal budget growth to 1% for the next six years, but that provision would not be enforceable starting in 2025.Overall, the White House estimates that the plan would reduce government spending by at least $1 trillion, but official calculations have not yet been released.VETERANS CAREThe agreement would fully fund medical care for veterans at the levels included in Biden's proposed 2024 budget blueprint, including a fund dedicated to veterans who have been exposed to toxic substances or environmental hazards. Biden sought $20.3 billion for the toxic exposure fund in his budget.UNSPENT COVID-19 MONEYThe agreement would rescind about $30 billion in unspent coronavirus relief money that Congress approved through previous bills. It claws back unobligated money from dozens of federal programs that received aid during the pandemic, including rental assistance, small business loans and broadband for rural areas.The legislation protects pandemic funding for veterans' medical care, housing assistance, the Indian Health Service, and some $5 billion for a program focused on rapidly developing the next generation of COVID-19 vaccines and treatments.IRS FUNDINGRepublicans targeted money that the IRS was allotted last year to crack down on tax fraud. The bill bites into some IRS funding, rescinding $1.4 billion.The White House has said that the deal also includes an agreement to take $20 billion from the IRS over the next two years and use that money for other nondefense programs.WORK REQUIREMENTSThe agreement would expand work requirements for the Supplemental Nutrition Assistance Program, formerly known as food stamps — a longtime Republican priority. But the changes are pared down from the House-passed debt ceiling bill.Work requirements already exist for most able-bodied adults between the ages of 18 and 49. The bill would phase in higher age limits, bringing the maximum age to 54 by 2025. But the provision expires, bringing the maximum age back down to age 49 five years later, in 2030.Democrats also won some new expanded benefits for veterans, homeless people and young people aging out of foster care. That would also expire in 2030, according to the agreement.The agreement would also make it slightly harder for states to waive work requirements for SNAP for certain individuals. Current law allows states to issue some exemptions to the work rules on a discretionary basis but limits how many people can be exempted. The agreement would lower the number of exemptions that a state can issue and curb states' ability to carry over the number of exemptions they can hand out from month to month.The agreement would also make changes to the Temporary Assistance to Needy Families program, which gives cash aid to families with children. While not going as far as the House bill had proposed, the deal would make adjustments to a credit that allows states to require fewer recipients to work, updating and readjusting the credit to make it harder for states to avoid.