Biden administration formally extends review of U.S. Steel deal, pushing decision past election

September 23, 2024

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The Biden administration on Tuesday extended its review of Nippon Steel’s proposed $14.9 billion acquisition of U.S. Steel, effectively pushing a final presidential decision on the matter past Election Day.

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Secretary of Defense Lloyd J. Austin III and Vietnam Minister of National Defense Phan Van Giang stand for the playing of the U.S. and Vietnam national anthems during a bilateral exchange at the Pentagon, Washington, D.C., Sept. 9, 2024. (DoD photo by U.S. Navy Petty Officer 1st Class Alexander Kubitza)
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