News Summary

• The Trump administration is close to finalizing a rescue plan for Spirit Airlines that could allow the federal government to take a stake of up to 90% in the carrier.
• The proposed deal, according to Bloomberg, would provide up to $500 million in financing in exchange for warrants enabling the government to acquire a significant majority share in the restructured airline.
• Morning Joe host Joe Scarborough called the move “another example of the Trump administration wanting to socialize a stake in private companies in America”