By Kayla Tausche, CNN (CNN) — A committee of top government agency officials has notified President Joe Biden that it has not reached a consensus on whether a sale of US Steel to a Japanese rival poses a national security risk, according to two sources familiar with the matter.
The Committee on Foreign Investment in the United States told the White House on Monday it is deadlocked on the proposed $14.9 billion sale of U.S. Steel to Japan’s Nippon Steel Co., teeing up President Joe Biden to block the deal. The decision, or lack thereof, was first reported by
A government panel has failed to reach consensus on the possible national security risks of a nearly $15 billion proposed deal for Nippon Steel to purchase U.S. Steel.
A US government panel failed to reach a consensus on whether US Steel's acquisition by Nippon Steel threatens Washington's national security, shifting the
A powerful government panel on Monday failed to reach consensus on the possible national security risks of a nearly $15 billion proposed deal for Nippon Steel of Japan to purchase U.S. Steel, leaving a decision to President Joe Biden, a longtime opponent of the deal.
