Fate of US Steel’s deal with Japan’s Nippon is now up to Biden, sources say | CNN Business

CNN  — 

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.

The fate of Nippon Steel’s acquisition of US Steel is now in the hands of Biden, who is expected to block it after arguing for months that the company should remain American-owned to protect domestic steel jobs. The Washington Post was first to report on the committee’s review.

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