With a month left in the White House, U.S. President Joe Biden has a long list of foreign and domestic policy actions he hopes to get done before president-elect Donald Trump assumes office, where the Republican is expected to try to reverse much of Biden's record.
USW President David McCall’s office said that “most” of the 10,000 union members who work for U.S. Steel oppose the deal. Zugai, the vice president of Local 2227, disputed that assessment, and steelworkers from U.S. Steel facilities in Alabama, Indiana and Minnesota joined the Clairton rally by video link.
KEY TAKEAWAYS President Joe Biden reportedly plans to formally block the $14 billion sale of United States Steel to Japan's Nippon Steel on national security grounds.According to Bloomberg, Biden will reject the bid once the Committee on Foreign Investment in the United States (CFIUS) panel sends its decision to the president by Dec.
By Alexandra Alper WASHINGTON (Reuters) -Nippon Steel alleges the White House had "impermissible undue influence" over a national security review of its $14.9 billion bid for U.S. Steel and threatened legal action if the deal is blocked.
If anything, approving the deal would make the U.S. stronger. The merged company would form the world’s third-largest steelmaker, better able to take on China’s dominant producers.
President Joe Biden is said to be planning to end Nippon Steel Corp.’s $14.1 billion bid to buy U.S. Steel Corp. on national security grounds. A Treasury Department letter from August provides the justification.
He can approve a Nippon Steel offer that is in the U.S. interest.
Surplus border wall materials are being auctioned, sparking debate over border security and federal resource management.
It may not be as damaging as Herbert Hoover’s Smoot-Hawley tariffs, or Richard Nixon’s wage-price controls, but a decision by President Biden to block the Nippon-U.S. Steel deal woul
With about 40 days until President-elect Donald Trump takes office, President Joe Biden is expected to block a Japanese company’s acquisition of U.S. Steel. On Tuesday, Bloomberg reported that
The Biden administration sold similar materials in 2023, just before approving construction of another 20-mile stretch. The parts also were sold through GovPlanet. Arizona Republican Representative Eli Crane told The Daily Wire that the Biden administration was purposefully hindering Trump's efforts to secure the border.
Nippon Steel's $14.9 billion bid for U.S. Steel is under scrutiny by the Committee on Foreign Investment in the United States (CFIUS) due to national security concerns. Four meetings, multiple proposals,