Inside The White House Fight Over Whether To Bail Out Spirit Airlines

President Trump had not yet decided whether to rescue Spirit Airlines when two of his cabinet secretaries argued the case in front of him, with one side pitching a bailout as a midterm political win and the other warning it would look like a costly rescue of a failing company. The striking part is not just that the White House is weighing a $500 million loan and a potential 90% ownership stake, but that there is still no plausible legal authority for the federal government to do it.