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.

Nippon Steel's investment has the potential to extend the operational life of U.S. Steel plants bringing enhanced productivity, innovative practices and investment in research and development. New product lines could require expanded skillsets, leading to the creation of new jobs.

As the acquisition of U.S. Steel approaches a major hurdle, President Biden must recognize its strategic and economic merits and allow it to proceed.

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

Japan's Nippon Steel said on Thursday it has extended the closing date for its $14.9 billion purchase of U.S. Steel as U.S. President Joe Biden weighs whether to block a deal that has faced intense opposition since it was announced.

President Biden has just over a week to decide how he wants to move forward on Nippon Steel's proposed acquisition of U.S. Steel. CBS News White House reporter Willie James Inman has more on that and some of the other big news coming out of the Biden administration.

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 announced it has extended the closing date for its $14.9 billion acquisition of U.S. Steel to the first quarter of 2025, as President Joe Biden considers blocking the deal. The merger has faced opposition from the United Steelworkers union and politicians,

While the majority of steelworkers rallied behind Nippon Steel’s proposed $14.9 billion purchase of U.S. Steel, both the current and incoming administrations are poised to reject it, writes David J. Lynch for The Washington Post.