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Reading: ICE Might Run Out Of Cash In Weeks — Trump’s Immigration Push Now Threatens To Break The Finances: Report
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StockWaves > Trading > ICE Might Run Out Of Cash In Weeks — Trump’s Immigration Push Now Threatens To Break The Finances: Report
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ICE Might Run Out Of Cash In Weeks — Trump’s Immigration Push Now Threatens To Break The Finances: Report

StockWaves By StockWaves Last updated: June 17, 2025 4 Min Read
ICE Might Run Out Of Cash In Weeks — Trump’s Immigration Push Now Threatens To Break The Finances: Report
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The Trump administration’s aggressive immigration stance is reportedly inflicting a monetary pressure on the Immigration and Customs Enforcement (ICE), with the company susceptible to working out of funds by subsequent month.

What Occurred: ICE, the company answerable for detaining and deporting unauthorized immigrants, is reportedly over finances by $1 billion, with greater than three months left within the fiscal 12 months, Axios reported. This has raised issues amongst lawmakers from each events, who concern that President Trump may divert funds from different companies to maintain ICE afloat, the report added.

The Division of Homeland Safety (DHS), which oversees ICE, additionally dangers breaching U.S. regulation if it maintains its present spending tempo. This has intensified requires the passage of Trump’s “Massive Lovely Invoice,” which might allocate a further $75 billion to ICE over the span of 5 years, the report mentioned.

The funding disaster is attributed to the Trump administration’s demand for ICE to arrest 3,000 immigrants day by day, a tempo that ICE is struggling to fulfill. The company’s detention services, with about 41,000 beds, are properly past capability, prompting DHS to hunt extra detention house each within the U.S. in addition to abroad.

DHS just lately reallocated practically $500 million to fund immigration operations, but it surely nonetheless wants at the least $2 billion extra by September. Lawmakers warn the company might run out of cash by July, risking a violation of the Anti-Deficiency Act.

ICE didn’t instantly reply to Benzinga’s request for remark.

SEE ALSO: Ozempic Patent Expires In Canada After Novo Nordisk Fails To Pay $450 Payment: ‘It’s The Second-Largest Semaglutide Market In The World,’ Says Sandoz CEO Richard Saynor

Why It Issues: The monetary disaster at ICE comes within the wake of President Trump’s directive to ICE to provoke the “single largest Mass Deportation Program in Historical past,” concentrating on cities like Los Angeles, New York, and Chicago.

Moreover, ICE has been leveraging a community of AI-powered license plate cameras, put in throughout greater than 5,000 communities within the U.S., to trace immigration exercise. This has additional strained the company’s sources, contributing to its present monetary predicament and elevating issues over privateness and civil liberties.

In Could, Rep. Alexandria Ocasio-Cortez (D-NY) accused the Trump administration of channeling cash to personal jail corporations working immigration detention facilities.

If Trump’s invoice fails to move quickly, he could declare a nationwide emergency to divert funds from different authorities departments to ICE, says Chris Marisola, a former Protection Division lawyer and professor on the College of Houston Regulation Heart, as per Axios. Notably, this transfer may very well be much like Trump’s 2020 choice to divert practically $4 billion from the Pentagon to fund his border wall mission.

Picture by way of Shutterstock

Disclaimer: This content material was partially produced with the assistance of AI instruments and was reviewed and revealed by Benzinga editors.

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