GEO - New immigration order will see border action from Biden
2024-06-04 07:31:38 ET
More than 6 million migrants have crossed into the U.S. illegally under the Biden administration, which is now prepping an executive order to stem the flow at the U.S.-Mexico border. The action, which will likely be unveiled at the White House on Tuesday, will rely on an authority in the U.S. Code known as Section 212 (f). It would temporarily shut down the border to asylum seekers when a daily threshold of crossings exceeds 2,500, but would reopen when the number falls below 1,500, putting a spotlight on publicly traded operators of detention centers like CoreCivic ( NYSE: CXW ) and GEO Group ( NYSE: GEO )....
New immigration order will see border action from Biden