The debt ceiling bill House Republicans passed would set federal discretionary spending at $1.47 trillion during the next fiscal year and allow it to increase only 1 percent annually from there, far below the rate of inflation. How these limitations would be applied across the gamut of federal spending is unspecified. Social Security and Medicare are unaffected because these are not discretionary programs. EBT is potentially affected.
It also only extends the debt limit through March 31 of next year, so we would get to have this whole fight again in the middle of primary season.