National Debt Interest Payments 76 Percent of June’s Total Personal Tax Revenue; Southwest Dropping Open Seating Policy | Business Matters Full Broadcast (July 25)

Don Ma
By Don Ma
July 25, 2024Business Matters
share
Live Chat

The U.S. national debt is about to hit $35 trillion. The gross interest on that debt is now massive. As a comparison, it’s 76 percent of personal income taxes collected in June. These are the latest numbers from the Federal Reserve.

Southwest Airlines shares rose by more than 5 percent Thursday after it promised some major changes to the company. Its profits had nose-dived 46 percent in the second quarter. CEO Bob Jordan explains what happened.