( ) -q-26- UNDATED (Correspondent Jeremy House) “will go ahead.” A powerful government panel has 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. [CutID: <Cuts> US-STEEL-NIPPON-house-q-TUEam.mp3 Time: 26s Title: US-STEEL-NIPPON-house-q-TUEam Out-cue: will go ahead] TAG: Correspondent Jeremy […]
Audio
Biden will decide on US Steel acquisition after influential panel fails to reach consensus
( ) -q-26- UNDATED (Correspondent Jeremy House) “will go ahead.”
A powerful government panel has 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.
[CutID: <Cuts> US-STEEL-NIPPON-house-q-TUEam.mp3
Time: 26s
Title: US-STEEL-NIPPON-house-q-TUEam
Out-cue: will go ahead]
TAG: Correspondent Jeremy House reporting.
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VERBATIM: The Committee on Foreign Investment in the United States has sent its long-awaited report to President Joe Biden, a longtime opponent of the deal. Some federal agencies represented on the panel were skeptical that allowing a Japanese company to buy an American-owned steelmaker would create national security risks. Both Mr. Biden and President-elect Donald Trump opposed the merger and vowed to block it. Nippon Steel says it is confident the deal will go ahead.