Prison operators GEO, CoreCivic down as Democrats to oppose DHS funding
ReutersJan 26, 2026 6:47 PM
Shares of prison operators GEO Group GEO.N and CoreCivic CXW.N down about 11.2% and 9% respectively
Democrats in the Senate have said they will oppose a funding bill for the Department of Homeland Security, overseer of ICE
This follows a fatal shooting of a second U.S. citizen by immigration agents in Minnesota
Minnesota state officials are also pressing a federal judge to temporarily stop the surge of 3,000 immigration agents
*In December, a GEO unit received a $121 million ICE contract for skip tracing services
In October, GEO was awarded a two-year electronic monitoring, case management, and supervision contract by ICE
CXW also received a five-year ICE contract for its 2,160-bed Diamondback facility, which had been idle since 2010
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