Rep. David Schweikert

We have been tracking the reemergence of the New World screwworm for years. Throughout this time, our team has taken steps to prepare for the chance that this menace will reappear here in the Southwest.

I believe the steps we have taken by prioritizing funding for monitoring at our ports of entry and requiring USDA to plan for domestic sterile fly production, will provide USDA the tools they need.

Let's stay vigilant and understand from history the financial impact that not taking swift and decisive action would cost us.

The 2026 fiscal year ended Wednesday. The national debt increased by $2,534,271,606,405. That's $2.53 trillion.

Or:
$6.9 billion a day
$290 million an hour
$4.8 million a minute
$80,000 a second

At the beginning of the fiscal year, the 10-year was at 4.1 percent. Today, the 10-year is at 5.1 percent: a 100 basis point movement over a single fiscal year.

A sustained 60 basis point rise adds roughly $2 trillion in interest over a decade. A sustained 100 basis point increase would add $3.4 trillion.

We have to show the world’s debt markets we’re serious about our fiscal future or we risk letting them decide our future for us.

This fiscal year alone, we’ll borrow about $2.5 trillion, $6.9 billion a day, nearly $80,000 every second.

My condolences go out to the Kyl family today. Senator Jon Kyl will be remembered as a true statesman who always did right by Arizona and America. I was honored to have had the opportunity to serve with him.