Tuesday, February 26, 2013
This should cut into their earnings
From the NY Times:
In a highly unusual move, federal immigration officials have released a wave of detainees from immigration detention centers around the country in an effort to save money as automatic budget cuts loom in Washington, officials said.As many of the detention facilities are privately run, this should send a shiver through Wall St, even if it is a bald faced effort for more funding.
The government has not dropped the deportation cases against the immigrants, however: The detainees have been freed on supervised release while their cases continue in court, officials said.
The releases, which have taken place over the past few days, were approved “in order to make the best use of our limited detention resources in the current fiscal climate and to manage our detention population under current congressionally mandated levels,” Gillian M. Christensen, a spokeswoman for Immigration and Customs Enforcement, an arm of the Department of Homeland Security, said in a statement. The budget cuts, also called the sequester, are scheduled to take effect Friday.
At a White House news briefing on Monday, Janet Napolitano, the homeland security secretary, seemed to hint at the move. “All I can say is, look, we’re doing our very best to minimize the impacts of sequester,” she told reporters. “But there’s only so much I can do. I’m supposed to have 34,000 detention beds for immigration. How do I pay for those?”
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