The president has 15 days to decide whether to approve or reject the nearly $15 billion sale of the iconic steel company to Japan's Nippon Steel.

Japan's Nippon Steel is seeing support for its proposal to acquire U.S. Steel in the regions of the United States where steel mills are located, Nippon Steel's President Tadashi Imai told reporters on Wednesday.

Never turn down capital when it’s offered to you. The previous axiom is easily as old as business. The wise refuse what’s precious precisely because they know well that tomorrow is another

Washington, Dec. 24 (Jiji Press)--U.S. mayors and others have sent a letter to President Joe Biden seeking his approval for Nippon Steel Corp.'s plan to acquire United States Steel Corp., it was learned Tuesday.

Last year, Nippon reached an agreement to purchase U.S. Steel. CEO David B. Burritt said that the purchase would make the steel industry stronger. But others have raised concerns about about security and allowing China, who has the world's second-largest economy after the U.S., to become economically powerful.

A powerful government panel on Monday 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, leaving the decision to President Joe Biden, who opposes the deal.

With a month left in the White House, U.S. President Joe Biden has a long list of foreign and domestic policy actions he hopes to get done before president-elect Donald Trump assumes office, where the Republican is expected to try to reverse much of Biden's record.

Nippon Steel’s $15 billion bid to buy U.S. Steel has been referred to President Joe Biden after a government panel could not decide whether it should go forward.

The $15 billion bid by Japan’s Nippon Steel for US Steel has been referred to President Joe Biden for a final decision, a White House spokesperson confirmed.

WASHINGTON (Reuters) -Nippon Steel's $15 billion bid for U.S. Steel has been referred to U.S. President Joe Biden, a White House spokesman said, giving the president 15 days to decide on a tie up he has previously said he opposes.

A powerful government panel on Monday 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, leaving a decision to President Joe Biden,