White House overturns private prison policy as undocumented immigrant crackdown boosts demand
White House overturns private prison policy as undocumented immigrant crackdown boosts demand
Last year, the Obama administration announced it was going to phase out federal government use of private prisons after reports surfaced of safety and security issues. Yesterday, that plan was overturned by the new attorney general, Jeff Sessions. The news immediately boosted share prices of the two largest companies that run private prisons. With the Trump administration’s crackdown on undocumented immigration creating thousands of detainees, all signs suggest it’s a growth industry.
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