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US to end federal use of private prisons US to end federal use of private prisons
(35 minutes later)
The US Justice Department will phase out use of privately owned prisons, citing safety concerns.The US Justice Department will phase out use of privately owned prisons, citing safety concerns.
Contracts with 13 private prisons will be reviewed and and allowed to expire over the next five years.Contracts with 13 private prisons will be reviewed and and allowed to expire over the next five years.
"They do not save substantially on costs and ... they do not maintain the same level of safety and security," Deputy Attorney General Sally Yates said explaining the decision."They do not save substantially on costs and ... they do not maintain the same level of safety and security," Deputy Attorney General Sally Yates said explaining the decision.
The majority of US prisoners are held in state-run prisons.The majority of US prisoners are held in state-run prisons.
On Wall Street, the stocks of private prison companies decline sharply after the news was announced. On Wall Street, the stocks of private prison companies declined sharply after the news was announced.
An Inspector General's report released this month found that private prisons saw higher rates of violent incidents and rule infractions in comparison with government-run institutions.
During the Democratic presidential primary race, Hillary Clinton's main opponent Senator Bernie Sanders made a campaign promise to end the "private, for-profit prison racket".
Senator Sanders sponsored a bill attempting to end the use of private prisons in September 2015 saying "we cannot fix our criminal justice system if corporations are allowed to profit from mass incarceration".
Mrs Clinton's website states that she will "end the era of mass incarceration, reform mandatory minimum sentences, and end private prisons".
As of December, private prisons housed 22,660 federal inmates.