U.S. debt reaches $35.3 trillion, causing daily interest payments to double to $3 billion.

The U.S. debt has reached $35.3 trillion, leading to daily interest payments averaging $3 billion, double the amount from 2020. This increase is largely due to the Federal Reserve's rate hikes. Although potential rate cuts could lower daily expenses to $2.5 billion, future budget deficits are expected to worsen under the next president, making the current fiscal situation unsustainable, according to analysts and economic models.