Fate Of U.S. Steel's Sale To Nippon In Biden's Hands After Oversight Committee Fails To Reach Consensus

ToplineThe Committee on Foreign Investment in the United States (CFIUS) was unable to reach a consensus on potential national security risks posed by Japanese firm Nippon Steel’s $15 billion bid to take over U.S. Steel on Monday, leaving the fate of the controversial deal in the hands of President Joe Biden who has expressed his opposition to the deal.The fate of Nippon Steel's bid to acquire U.S. Steel now rests in the hands of President Joe Biden.Copyright 2020 The Associated Press. All rights reserved Ke ...