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.

According to Bloomberg, Biden will reject the bid once the Committee on Foreign Investment in the United States (CFIUS) panel sends its decision to the president by Dec. 22 or Dec. 23. U.S. Steel shares have lost almost 30% this year. U.S. President Joe ...

U.S. Steel stock was tumbling after Bloomberg reported that President Joe Biden would block its acquisition by Japanese steel company Nippon Steel. The surprising part of the takeover drama isn’t the decision.

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.

USW President David McCall’s office said that “most” of the 10,000 union members who work for U.S. Steel oppose the deal. Zugai, the vice president of Local 2227, disputed that assessment, and steelworkers from U.S. Steel facilities in Alabama, Indiana and Minnesota joined the Clairton rally by video link.

With about 40 days until President-elect Donald Trump takes office, President Joe Biden is expected to block a Japanese company’s acquisition of U.S. Steel. On Tuesday, Bloomberg reported that

(Reuters) - U.S. President Joe Biden plans to formally block Nippon Steel's proposed takeover of U.S. Steel on national security grounds once the multi-billion dollar deal is referred back to him later this month, Bloomberg News reported on Tuesday, citing people familiar with the matter.

It may not be as damaging as Herbert Hoover’s Smoot-Hawley tariffs, or Richard Nixon’s wage-price controls, but a decision by President Biden to block the Nippon-U.S. Steel deal woul

Nippon Steel alleges the White House had "impermissible undue influence" over a national security review of its $14.9 billion bid for U.S. Steel and threatened legal action if the deal is blocked.

Surplus border wall materials are being auctioned, sparking debate over border security and federal resource management.

The Biden administration sold similar materials in 2023, just before approving construction of another 20-mile stretch. The parts also were sold through GovPlanet. Arizona Republican Representative Eli Crane told The Daily Wire that the Biden administration was purposefully hindering Trump's efforts to secure the border.

Here's a timeline of events leading up to the deal between the two steelmakers: Nippon Steel, citing national security concerns. U.S.-owned company. Aug. 29, Nippon Steel says it plans to invest about $1.3 United Steelworkers union members.