Private Prisons Are Struggling To Keep Profiting Off Immigrant Detainees

Privately run correctional facilities are losing money as immigrant apprehensions have slowed down and the federal government has begun releasing some immigrants from detention facilities.

At least nine out of 21 Texas counties that “created agencies to issue about $1.3 billion in municipal bonds to build privately run correctional facilities largely for migrants have defaulted on their debt,” Bloomberg Business News recently reported. An additional dozen or so facilities in Florida,...

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