Lawmakers push back on Spirit Airlines bailout
TL;DR
Several lawmakers warned against a possible federal bailout of Spirit Airlines as it seeks to exit bankruptcy, with Senator Ted Cruz calling it a terrible idea; Reuters reported the White House could back a government-backed loan of up to $500 million that might later become a longer-term loan with warrants and a potential U.S. stake, inviting scrutiny over taxpayer dollars and accountability.
Topics:top-newspolitics#bailout#politics#senate-commerce-committee#spirit-airlines#taxpayers#ted-cruz
- Senators raise concerns about US bailout of Spirit Airlines Yahoo
- Trump administration in advanced talks for Spirit Airlines rescue package, sources say CNBC
- Possible Spirit rescue fuels new fears about government involvement in business NBC News
- Trump Administration Nears Loan Deal to Rescue Spirit Airlines The New York Times
- Saving Spirit Airlines possibly puts 'good money after bad', Transportation head Duffy says Reuters
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