Tue, 08/30/2016 - 5:00pm — Jake Crowther
The Department of Homeland Security (DHS) will evaluate whether the agency should continue contracting with private corporations to run their immigrant detention facilities. According to Fortune
, shares in both Corrections Corporations of America (CCA) and GEO Group both dropped after the announcement.
The evaluation of privately-run prisons comes following the Department of Justice's decision to phase out their use of private prisons. Former presidential candidate Bernie Sanders and Sen. Raul Grijalva asked DHS in a letter earlier this week to end the practice of contracting with private-prison companies.