Nippon Steel's $15 billion bid for U.S. Steel has been referred to U.S. President Joe Biden, a White House spokesman said, giving the president 15 days to decide on a tie up he has previously said he opposes.

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 the decision to President Joe Biden, who opposes the deal.

Never turn down capital when it’s offered to you. The previous axiom is easily as old as business. The wise refuse what’s precious precisely because they know well that tomorrow is another century. To see why, look back to February of 2020. At the time ...

The Committee on Foreign Investment in the United States is reportedly split on whether Nippon Steel's $14.9 billion acquisition of U.S. Steel, kicking it over to the administration to take action. President Joe Biden received the report Monday and how has 15 days to reach a decision.

The $15 billion bid by Japan’s Nippon Steel for US Steel has been referred to President Joe Biden for a final decision, a White House spokesperson confirmed.

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.

The Committee on Foreign Investment in the United States (CFIUS) failed to reach a consensus on Nippon Steel's bid to acquire U.S. Steel, leaving the decision to President Joe Biden. Both he and President-elect Donald Trump oppose the deal,

Committee on Foreign Investment in the United States referred the bid to the U.S. president after failing to reach a consensus.

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.

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.

A U.S. government panel examining Nippon Steel's potential acquisition of U.S. Steel has told President Joe Biden that it has been unable to reach a consensus on whether the deal should go ahead, The Washington Post reported on Monday.