Biden and McCarthy agree on raising borrowing authority, avoiding US default.
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Finalizing bill's text, House to vote on Wednesday, Senate by June 5.
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Agreement includes two-year debt-limit increase ensures stability beyond 2024 election.
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Non-defense spending remains flat in 2024, increases 1% in following year.
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Full funding for veterans' medical care, including toxic exposure fund.
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Concerns raised by conservatives over lack of substantial deficit cuts.
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Changes to work requirements in programs like food stamps; age raised to 54.
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Streamlined environmental reviews for energy projects in agreement.
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Student loan forgiveness plan excluded; Supreme Court to decide the fate of this plan.
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Agreement's impact on financial stability, veterans, work, and environment is vital.
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