Interest Payments Now 76% of Total Personal Taxes; Southwest Dropping Open Seating Policy | Business Matters Full Broadcast (July 25)

Interest Payments Now 76% of Total Personal Taxes; Southwest Dropping Open Seating PolicyThe US National debt is about to hit 35 trillion dollars. US national debt is about to hit 35 trillion dollars. The gross interest on that debt is now massive. As a comparison, it’s 76% of all personal income taxes collected every year. These are the latest numbers from the fed.Southwest Airlines shares rising over 5% today after it promised some major changes to the company. Its profits nose-dived 46 percent In the 2nd quarter. CEO, Bob Jordan, explains what happened.