Ted Cruz pours cold water on Trump admin plan to bail out Spirit Airlines: 'TERRIBLE idea'

Sen. Ted Cruz, R-Texas, came out full throttle against the Trump administration's proposed plan to bail out Spirit Airlines on Wednesday.

Cruz replied to reports that the administration's plan would see the U.S. government own up to 90% of the airline. President Donald Trump first floated the idea of buying out the airline on Tuesday.

"This is an absolutely TERRIBLE idea," Cruz wrote in a statement on X.

"The TARP corporate bailouts were a huge mistake & the government doesn’t...