Steel Giant May Have To Bail On $500 Million Biden-Harris Admin Green Grant, CEO Says
The Biden-Harris administration awarded the major steelmaker $500 million in environmental protections in March, but the company may be forced to give up the money, its CEO told Politico. Department of Energy (DOE) Announced In March, it was announced that Cleveland-Cliffs had been selected to receive $500 million in funding to help make “green” low-carbon […]
Business groups warn Treasury of 'political interference’ in Nippon Steel review
Washington business groups warned in a letter on Wednesday that “political interference” could derail Japanese steelmaker Nippon Steel's proposed takeover of U.S. Steel, which is opposed by lawmakers across the political spectrum and across presidential candidates. “Unfortunately, there have been continued recent attempts from across the political spectrum to politicize the committee's work, allowing politics […]
GOP Reps. Young Kim, Michelle Steel prep for fight to defend seats in highly competitive SoCal districts
ORANGE, Calif. – Republican Reps. Young Kim and Michelle Steele are optimistic. It is a species that is in danger of extinction, but scientifically California RepublicanThe Orange County-based lawmakers are confident voters will elect them to Congress for a third term this fall. First elected in 2020, both districts have been hot targets of campaigning […]
U.S. Steel Shares Fall as Biden Prepares to Block Sale to Nippon Steel
U.S. Steel shares fell after reports that President Joe Biden plans to block Nippon Steel's takeover of U.S. Steel. U.S. Steel shares were reported to have ended the day down 17.5%. According to of The Washington Post. Three people familiar with the matter spoke He told the outlet “on the condition of anonymity” that Biden […]
US Steel warns jobs could be lost if sale falls through
U.S. Steel warned Wednesday that it may cut jobs and move its headquarters out of Pittsburgh if a planned sale to Japanese steelmaker Nippon Steel Corp. falls through. Nippon Steel announced in December that it would buy U.S. Steel, sparking outrage from lawmakers of all political parties who said the deal could undermine national security […]
Biden to block sale of US Steel to Japanese company Nippon: report
The Biden-Harris administration reportedly plans to block the planned sale of U.S. Steel to Japanese conglomerate Nippon Steel for $14.9 billion. The reported move came despite U.S. Steel CEO David Barritt warning that the company would likely close steel mills and move its headquarters out of Pittsburgh if the federal government intervened to block the […]
US Steel CEO warns failed sale to Nippon Steel would lead to steel mill closures
FOX Business' Jeff Flock reports from Doylestown, Pennsylvania with more from Cavuto: Coast to Coast. The CEO of U.S. Steel has warned that the company would be forced to close steel mills if a pending $14 billion investment goes ahead. Acquisition by Nippon Steel It falls. U.S. Steel CEO David Barritt said: of The Wall […]
US Steel will cut jobs, close plants, move HQ from Pittsburgh if Nippon sale fails, CEO warns
U.S. Steel warned Wednesday that thousands of union jobs would be at risk if its merger with Nippon Steel Corp. fails, and suggested it could close several steel mills and move its headquarters out of the politically sensitive state of Pennsylvania. The announcement comes as Nippon Steel's plans to buy a U.S. steelmaker face growing […]
Kamala Against Nippon’s Acquisition Of U.S. Steel
Democratic presidential candidate and U.S. Vice President Kamala Harris speaks during a campaign event at IBEW Local 5 in Pittsburgh, Pennsylvania, September 2, 2024. (Photo by Michael M. Santiago/Getty Images) By Chloe Hawkswell, OAN StaffTuesday, September 3, 2024 11:05 AM Democratic presidential candidate Kamala Harris has 45Number President Donald Trump has argued that U.S. Steel […]
Harris and Biden pitch for steel votes in Pittsburgh in first joint appearance on campaign trail | Kamala Harris
Joe Biden and Kamala Harris made their first joint appearance on the presidential campaign trail since their party conventions on Monday, celebrating Labor Day by paying tribute to union members in Pittsburgh. “We are proud to be the most pro-union administration in American history,” Harris said. “I love Labor Day. I love celebrating Labor Day. […]