President Biden is now expected to make a decision on the sale of U.S. Steel without input from the Committee on Foreign Investment. The president had been waiting on the panel to weigh in on whether the acquisition of the company by Japan’s Nippon Steel would pose a risk to national security. Yesterday, the Washington Post broke the news that the committee sent word to the White House that they cannot come to a consensus on the nearly 15-billion-dollar deal. Biden previously said he intended to block the sale. Many local union leaders and elected officials in the Mon Valley are asking the president to allow the merger to go through, saying the move is in the best interest of workers in the region. United Steelworkers President David McCall still stands in opposition to the proposal, saying Nippon will end up transferring production to the non-union U.S. Steel facility in Arkansas.
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