Cruz on possible Spirit Airlines bailout: ‘Terrible idea’
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The Bottom Line
Senator Ted Cruz called the Trump administration's potential bailout of Spirit Airlines an "absolutely TERRIBLE idea."
How This Affects You
If the administration buys up to 90% of Spirit Airlines, taxpayer money would be used to support a company that has filed for bankruptcy twice.
AI Summary
Senator Ted Cruz (R-Texas) publicly criticized the Trump administration's potential bailout of Spirit Airlines, calling it an "absolutely TERRIBLE idea" on social platform X. The proposed deal, as reported by Bloomberg, could result in the administration owning up to 90 percent of Spirit Airlines. This comes as Spirit Airlines has filed for bankruptcy twice previously. Cruz's strong opposition highlights a potential division within the Republican party regarding government intervention in failing private companies. The White House has not yet confirmed the details of any such bailout.
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