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Dear ,
I hope you and your family are doing well! I wanted to provide a few updates on my work this past week for the residents of Arizona’s First Congressional District.
At Long Last, the House Has a New Speaker
Last Wednesday, the U.S. House of Representatives elected Mike Johnson of Louisiana as our 56th Speaker of the House, ending the weeks-long standstill in search of a new Speaker after eight Republicans voted with Democrats to remove Kevin McCarthy, which effectively paralyzed this Body.
With the House back in action, Republicans went straight to work passing critical legislation enhancing our nation's energy security and boosting our economy, as well as standing united with Israel, our greatest ally in the Middle East.
I look forward to continuing to move important appropriations bills through the House that will help keep our government open and instill fiscally responsible spending measures that reduce our out-of-control national debt.
Placing Friendly Wager on the Diamondbacks-Rangers World Series
Let's have a little World Series fun! On Friday, I placed a friendly wager with Congressman Roger Williams (TX-25) on the outcome of the World Series between the Diamondbacks and the Rangers.
I offered street tacos as a concession if the D-backs lose, while Congressman Williams wagered Texas barbecue if the Rangers are defeated. As a bonus, I also threw in Scorpion lollipops.
With the series tied 1-1 and headed to Chase Field for the next 3 games, I feel confident I’ll be enjoying some delicious Texas barbecue after the Snakes come out on top when it’s all said and done. Embrace the Chaos!
Welcoming Constituents to the U.S. Capitol
On behalf of Arizona's First Congressional District, we are always so excited to welcome constituents with open arms to our Nation’s Capitol Building. We’ve compiled a list of guidelines to ensure your travels run as smoothly and enjoyably as possible. Just as a friendly reminder, some tour portals open as soon as three months prior to your requested tour dates, and they run on a first-come, first-serve basis. There are many other tours that don’t require an initial reservation. Click here to find our guide to requesting tours in Washington, D.C.
Congressional App Challenge Registration Deadline: Tomorrow!
Submissions for the Congressional App Challenge are due TOMORROW NIGHT! We will not be accepting any submissions after 11:59 p.m. For more information, please visit the official Congressional App Challenge website at CongressionalAppChallenge.us, email StudentSupport@ CongressionalAppChallenge.us, or contact my District Office staff with any questions at (480) 946-2411. Don’t miss this incredible opportunity to code for Congress and make a difference through your technological development.
Daily Debt Monitor
Did you know the national debt has increased by $2.4 trillion over the past 365 days? That's over $76,000 per second! I have a daily debt monitor on my homepage that tracks the change in national debt year-over-year based on the same period at this time last year. Sign up for updates today!
2024 Medicare Open Enrollment Has Begun
Medicare Open Enrollment has officially begun. From now until December 7th, use Medicare Open Enrollment to compare prescription drug and health coverage options to find what best meets your needs. Your health needs can change from year to year — so do Medicare plan costs and coverage. Get started at www.medicare.gov/plan-compare.
What I’m Reading & Why It Matters
This week, I'm reading about how European governments are on track to narrow their budget deficits in coming years, with the International Monetary Fund projecting that combined deficits of eurozone governments will fall to 3.4% of GDP this year from 3.6% in 2022, and further to 2.7% in 2024.
I'm also checking out this MarketWatch story on how funds parked by institutional investors short-term at the New York Fed’s overnight reverse repo facility have dropped to $1.1 trillion from a peak of about $2.5 trillion in December, according to Fed data.
Ever wanted to know who holds the majority of U.S. debt? Foreign governments, as well as banks and private investors, state and local governments and the Federal Reserve, own most of this debt, and it’s held in Treasury securities, bills and bonds.
Lastly, check out this Reuters story on how the U.S. Treasury is likely to boost the size of auctions for bills, notes, and bonds in the fourth quarter when it announces its financing plans this week to fund a worsening budget deficit.
Thank you for taking the time to read this update on my latest work in Washington, D.C. and Arizona’s First Congressional District! If you have any comments or concerns, I encourage you to reach out to my office.
Sincerely,
David Schweikert |