Shutdown puts ICE at risk of running out of money to pay contractors [CNN]
CoreCivic, Inc. (CXW)
Last corecivic, inc. earnings: 2/12 04:15 pm
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Source: CNN
Shutdown puts ICE at risk of running out of money to pay contractors (CNN) Immigration and Customs Enforcement is tasked with, among other things, detaining and deporting undocumented immigrants in the United States. To do so, the agency contracts with private companies and county jails across the country. But, with shutdown talks at an impasse and no additional funding in sight, ICE is forced to work with what it already has in its coffers. "ICE only has a finite amount of money that they had been appropriated and that ended on December 21," said Tracey Valerio, the former director of management at ICE, referring to the date when government funding expired. "If we go much more than a month or so, I would think that the money would run out." Detention facilities are key to ICE's operations: As of January 1, more than 48,000 individuals were in ICE custody, surpassing the 40,520 detention beds for which it's received funding. Because the agency only has access to those funds appropriat
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CXW
News
- CoreCivic, Inc. (NYSE: CXW) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- CoreCivic Announces 2024 First Quarter Earnings Release and Conference Call DatesGlobeNewswire
- CoreCivic, Inc. (NYSE: CXW) had its price target raised by analysts at Wedbush from $18.00 to $19.00. They now have an "outperform" rating on the stock.MarketBeat
- CoreCivic, Inc. (NYSE:CXW) is a favorite amongst institutional investors who own 87% [Yahoo! Finance]Yahoo! Finance
- Private Prison Operator GEO Sells $1.28 Billion of Bonds [BNN Bloomberg (Canada)]BNN Bloomberg
CXW
Earnings
- 2/7/24 - Beat
CXW
Sec Filings
- 3/28/24 - Form ARS
- 3/28/24 - Form DEFA14A
- 3/28/24 - Form DEF
- CXW's page on the SEC website