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Benzinga
Benzinga
Business
Maureen Meehan

Trump's $45-Billion Immigration Policy Supercharges Profits For Private Prisons Under 'Big Beautiful Bill'

Private prisons

Shares of Geo Group (NYSE:GEO) and CoreCivic (NYSE:CXW) are popping on Monday following last week's Congressional approval of President Donald Trump's massive tax and spending bill, which vastly increases funds for the administration's aggressive immigration policy.

What's happening? As the country's two largest private prisons and contractors with the now-expanding immigrant detention centers, their fortunes seem to be securely on the rise.

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