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News Roundup: The Prison and Tank Lobby News Roundup: The Prison and Tank Lobby

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News Roundup: The Prison and Tank Lobby

Good morning, Alley folks. Here's what we're reading:

Private prison companies are making big money, given the United States is locking up more undocumented immigrants than ever before -- about 400,000 annually. And three industry giants have spent a combined $45 million on lobbyists and campaign contributions, the Associated Press reports.

The Pentagon wants to save cash -- about $3 billion worth of it -- by considering a plan to halt refurbishing work from 2014 to 2017 on the Cold War-era M1Abrams tank. But that would shutter an Ohio factory, and affect subcontractors in other states. Naturally, tank manufacturer General Dynamics is none too happy, spending lots of money on lobbying and campaign contributions and pushing a campaign to save the tank, reports McClatchy.

And The Hill reports that a new Russia trade agreement won't get approved before recess, which has the business community concerned because Russia joins the World Trade Organization on Aug. 22.

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