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With the deal facing quick opposition from congressional members of both parties and the United Steelworkers union, Biden administration officials said Thursday that the president...
(Bloomberg) -- The purchase of United States Steel Corp. by a Japanese company “appears to deserve serious scrutiny,” President Joe Biden’s top economic adviser said, the latest sign of political pressure over the deal. Most Read from BloombergVilified Zero-Day Options Blamed by Traders for S&P DeclineHarvard Financial Pain Grows as Blavatnik Joins Donor RevoltGiuliani Files for Bankruptcy After $148 Million Defamation LossUS Inflation Report to Show Fed’s Battle Is Now All But CompleteBull Run
Sen. John Fetterman (D-PA) is leading Senators in demanding Biden's administration save U.S. Steel from being bought by a foreign company.
President Joe Biden believes “serious scrutiny” is warranted for the planned acquisition of U.S. Steel by Japan's Nippon Steel, the White House said Thursday after days of silence on a transaction that has drawn alarm from the steelworkers union. Lael Brainard, the director of the National Economic Council, indicated the deal would be reviewed by the secretive Committee on Foreign Investment in the United States, which includes economic and national security agency representatives to investigate
WASHINGTON — President Joe Biden believes “serious scrutiny” is warranted for the planned acquisition of U.S. Steel by Japan’s Nippon Steel, the White House said Thursday after days of silence