Former Trump economic adviser knocks possible Spirit Airlines bailout as "corporate welfare"
Summary
The Trump administration is considering giving Spirit Airlines a loan of up to $500 million to help the company. Stephen Moore, who advised President Trump on economic matters, criticized this possible loan, calling it "corporate welfare."Key Facts
- The Trump administration may provide Spirit Airlines a loan of up to $500 million.
- The loan is being considered to aid Spirit Airlines financially.
- Stephen Moore, an economic adviser to President Trump, spoke against the loan.
- Moore described the potential loan as "corporate welfare," meaning government money helping a private company.
- The discussion about the bailout is ongoing within the Trump administration.
- The information comes from CBS News sources.
- The debate highlights concerns about government support for businesses.
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