Why was the Committee on Foreign Investment in the United States split on allowing or blocking Nippon Steel from buying U.S. Steel? NPR's Michel Martin asks one of the committee's former advisers.

More than a century ago, Andrew Carnegie and J.P. Morgan started a steel company. Today, President Biden said that storied business should remain under U.S. control. Biden formally blocked a ...

WASHINGTON (AP) — President Joe Biden has blocked the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel — affirming his earlier vow on the ...

President Joe Biden blocked the $15 billion acquisition of U.S. Steel by Japan's Nippon Steel on Friday — something he had first vowed to do in March. His decision comes after the Committee on ...

President Joe Biden has officially blocked the $14.9 billion takeover of U.S. Steel by Japan's Nippon Steel. Biden said the proposed deal would place one of the largest steel producers in the U.S ...