Biden to Decide on US Steel Takeover After Panel Deadlocks

Wednesday, December 25, 2024

Nippon Steel Corp.'s proposed $12.3 billion acquisition of US Steel Corp. moved a step closer to being blocked after a US national security panel deadlocked on its review and left the final decision with President Joe Biden, who has repeatedly indicated his opposition to the deal.

Posted by lamplighter at 03:33 PM | 12 COMMENTS | permalink | Comment on This Entry |

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Nippon Steel's $15 billion bid for US Steel has been referred to 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 reut.rs/3VVnjhb

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-- Reuters (@reuters.com) December 24, 2024 at 4:54 AM

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More from the article...

... The case was referred by the Committee on Foreign Investment in the United States to Biden's desk Monday, which was the deadline, according to people familiar with the matter. The proponents were notified that the panel was unable to reach consensus.

The president is said to still be planning on blocking it, though the White House has never said flatly that he would.

He has 15 days from the referral to announce a decision and has repeatedly said US Steel should remain domestically owned and operated.

A White House spokeswoman, Saloni Sharma, said "we received the Cfius evaluation and the president will review it," declining further comment on Monday night. ...

#1 | Posted by LampLighter at 2024-12-24 02:44 PM | Reply

If it was a Russian takeover of U.S. Steel, Trump would approve in a heartbeat.

#2 | Posted by Twinpac at 2024-12-26 06:25 AM | Reply | Newsworthy 5

#2,

What a dumb comment. From a dumb poster.

#3 | Posted by boaz at 2024-12-26 06:50 AM | Reply | Funny: 1

BOAZ

You've been on the wrong side of loyalty to America for a long time.

In fact, your non-stop denial of Trump's m.o. qualifies you as a full-fledged cultist.

I'm truly sorry about that. There was a time when I had some hope for you.

Toodles

#4 | Posted by Twinpac at 2024-12-26 10:48 AM | Reply | Newsworthy 1

#4 For as long as I have been on this site I have never seen Boaz solicit the assassination of a president, unlike you. For as long as I have been on this site, I have never seen Boaz disown a family member for not agreeing with him politically, unlike Danni. For as long as I have been on this site, I have never seen Boaz hope for or wish for harm to people and or their families he disagrees with. There was a time when I had some hope for most of you DR libs. As Bill Maher addressed the liberals over the holidays over politics: '--- off and --- you'. TooDLes.

#5 | Posted by gracieamazed at 2024-12-26 11:16 AM | Reply | Funny: 4

Your obsession with Danni is unhealthy.

#6 | Posted by Alexandrite at 2024-12-26 11:47 AM | Reply | Funny: 1 | Newsworthy 1

I have never seen Boaz hope for or wish for harm to people and or their families he disagrees with.

That Boaz is just a paragon a peace ain't he?

I didn't have to look far.

joking aside,

No one will be anywhere near me. We already have our "militia" ready. All those black lives matter and gay trans living in Asheville and Winston Salem will be shot on sight if they try to come into the countryside foraging or looking for resources. No one is going to be looking for extra people to take care of.

Most people in the city are going to have a rude awakening once the black gangs and Hispanic gangs take over.

POSTED BY BOAZ AT 2024-12-15

#7 | Posted by donnerboy at 2024-12-26 11:56 AM | Reply | Newsworthy 2

#7 I am not shocked you can't see the difference. Defending what is yours is different from hurting, murdering and or disowning people you disagree with politically. It's apples and oranges for most people.

#8 | Posted by gracieamazed at 2024-12-26 12:02 PM | Reply | Funny: 1

"I am not shocked you can't see the difference."

What difference? It's as plain as day. You are just not being honest with yourself.

He singled out BLM and gay trans as targets. Because he disagrees with their politics and their lifestyles. Claiming he will shoot desperate hungry people on sight in a catastrophe because they are different shows the rest of us exactly what kind of animal Boaz is.

Maybe you can't see it because you are the exact same kind of animal.

#9 | Posted by donnerboy at 2024-12-26 12:35 PM | Reply | Newsworthy 1

Trump opposes the takeover, so Biden should approve it

#10 | Posted by hamburglar at 2024-12-26 02:41 PM | Reply

Biden is just gonna put some hearts on the White House lawn and everything will be better.

#11 | Posted by ClownShack at 2024-12-26 02:45 PM | Reply

I always assume that any women that actually populate this site are actually guys. Saves time and energy.

#12 | Posted by NerfHerder at 2024-12-26 02:53 PM | Reply