The Committee on Foreign Investment in the United States kicked a decision over the merger with Japan’s Nippon Steel to President Biden, who is expected to block the deal.

The Committee on Foreign Investment in the United States (CFIUS) was unable to reach a consensus on Japan's Nippon Steel's $15 billion acquisition of U.S.

Nippon Steel on Thursday delayed the closing date for its proposed $14.9 billion purchase of U.S. Steel, as it waits to learn if President Biden will block the deal on national security grounds. Why it matters: The Japanese steelmaker is trying to play nice with the White House,

Nippon Steel has countered these concerns by proposing measures like appointing U.S. citizens to top management positions and ensuring that the steel produced meets U.S. national security requirements. Moreover, Japan is a close U.S. ally, which complicates the narrative of foreign ownership being inherently detrimental to American interests.

The Committee on Foreign Investment in the United States said letting Nippon Steel buy the company could lead to a reduction in domestic steel output.

The U.S. Steel saga, which has gone on since August 2023, is apparently nearing its end game with a decision by President Biden on whether to block the deal likely soon.

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,

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.

President-elect Trump said Sunday evening on social media that the U.S. owning Greenland “is an absolute necessity,” in a statement announcing Ken Howery as his nominee to serve as ambassador to Denmark.