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U.S. Steel and Nippon Sue Biden Over Decision to Block Deal

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U.S. Steel and Nippon Sue Biden Over Decision to Block Deal

U.S. Steel and Japan’s Nippon Steel sued the United States government on Monday in a last-ditch attempt to revive their attempted merger after President Biden blocked it last week on the basis that the transaction posed a threat to national security.

The lawsuit, filed in a federal court in Washington, accused Mr. Biden and other senior administration officials of corrupting the review process for political gain and of harming steel workers and the American steel industry by blocking the deal under false national security pretenses.

Mr. Biden moved to block the merger after a government panel charged with reviewing foreign investments failed to reach a decision about whether the deal should proceed. In a statement on Friday, Mr. Biden said that he was acting to ensure that the U.S. maintains a strong domestically owned and operated steel industry. The president had previously vowed to ensure that U.S. Steel remained American-owned.

The companies are asking for the Committee on Foreign Investment in the United States to conduct a new review of the deal.

The companies also filed a separate lawsuit against Cleveland-Cliffs, an American steel company that previously tried to buy U.S. Steel but was rebuffed, along with Lourenco Goncalves, chief executive of Cleveland-Cliffs, and David McCall, international president of the powerful union United Steelworkers. The lawsuit alleged that Cleveland-Cliffs and the head of the union illegally colluded to undermine the proposed deal between U.S. Steel and Nippon Steel.

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The legal actions represented a long-shot maneuver by the companies to preserve a deal that was ensnared in election year politics. Presidents have broad authority to determine what constitutes a national security threat, and no transaction blocked under those powers has ever been overturned by the courts.

However, Mr. Biden’s move to terminate Nippon’s $14 billion bid for U.S. Steel raised questions about whether those powers were being abused, given that Japan is a close ally of the United States. In the rare cases where deals have been blocked, they usually involved companies with ties to U.S. adversaries such as China.

“Nippon Steel and U.S. Steel are disappointed to see such a clear and improper exploitation of the country’s national security apparatus in an effort to help win an election and repay political favors,” the companies said in a statement on Monday. “Nippon Steel and U.S. Steel are entitled to a fair process and have been left with no choice but to challenge the decision and the process leading to it in court.”

David Burritt, the chief executive of U.S. Steel, assailed Mr. Biden on Monday, suggesting that the president blocked the deal because he “owed the union boss a favor in exchange for an endorsement.”

“The government failed us,” Mr. Burritt said in an interview on the Fox Business Network on Monday. “They failed because they didn’t follow the process, and we are going to right that wrong.”

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The White House defended Mr. Biden’s decision on Monday, pointing to the threats to the U.S. steel industry that the committee highlighted.

“A committee of national security and trade experts determined this acquisition would create risk for American national security,” said Robyn Patterson, a White House spokeswoman. “President Biden will never hesitate to protect the security of this nation, its infrastructure, and the resilience of its supply chains.”

The lawsuit against the Biden administration was filed in the U.S. Court of Appeals for the District of Columbia Circuit. The suit also names Treasury Secretary Janet L. Yellen, who chairs the Committee on Foreign Investment in the United States, and Merrick Garland, the attorney general.

The companies argue that because Mr. Biden publicly said last March that he did not want the deal to happen, the national security review conducted by the panel, known as CFIUS, was tainted by politics and “designed to reach a predetermined result.” They also claimed that the panel had failed to engage with the companies when they proposed measures to mitigate any national security concerns.

After a yearlong review process, the interagency committee — ultimately divided on the risks posed by the transaction — left the decision to Mr. Biden, who had said that U.S. Steel should remain American-owned and -operated.

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“It is my solemn responsibility as president to ensure that, now and long into the future, America has a strong domestically owned and operated steel industry that can continue to power our national sources of strength at home and abroad,” Mr. Biden said in a statement last Friday morning. “And it is a fulfillment of that responsibility to block foreign ownership of this vital American company.”

The committee was created in the 1970s to screen international mergers and acquisitions for national security concerns. Over the years the definition of national security has broadened, and in many cases the work of the panel has been consumed by political considerations, often with a focus on keeping Chinese investments out of America.

Since 1990, eight other foreign transactions have been blocked by presidents, according to the Congressional Research Service.

The companies are hopeful that a 2012 case involving a Chinese-owned company that tried to buy American wind-farm projects could provide an opening for more scrutiny of how CFIUS handled the steel deal. The Obama administration blocked that deal, but after the company filed a lawsuit an appeals court agreed that the company, Ralls Corporation, had a right to see and rebut certain evidence that was used to block the transaction.

The Obama administration and the company ultimately settled the lawsuit.

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The legal challenge by U.S. Steel and Nippon is on different grounds than that case. If successful, this suit would herald sweeping changes to the authority of the U.S. government to vet foreign transactions.

While the Biden administration’s move won praise from the steelworkers union, it drew scorn from many economists and legal experts who warned that the president’s decision would deter foreign investment.

“What’s infuriating is that Biden claimed to stand for the rule of law and for our international alliances,” said John Kabealo, a Washington-based lawyer who specializes in cross-border transactions. “He told voters ad nauseam that Trump was xenophobic and self-dealing, and now he slaps one of our most important allies in the face on the thinnest of pretenses.”

Although President-elect Donald J. Trump has previously said that he would block the Nippon bid, the companies have remained hopeful that he might reconsider that position if given the opportunity to help broker a satisfactory deal.

But on Monday, Mr. Trump made clear that he still does not want U.S. Steel to be sold.

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“Why would they want to sell U.S. Steel now when Tariffs will make it a much more profitable and valuable company? Mr. Trump wrote on social media. “Wouldn’t it be nice to have U.S. Steel, once the greatest company in the World, lead the charge toward greatness again?”

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Republican House leader signals plan to begin contempt proceedings against Bill and Hillary Clinton

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Republican House leader signals plan to begin contempt proceedings against Bill and Hillary Clinton

NEWYou can now listen to Fox News articles!

GOP House Oversight Committee Chairman James Comer said he plans to commence contempt of Congress proceedings against Bill and Hillary Clinton for ignoring the committee’s subpoenas related to its ongoing probe into the Jeffrey Epstein scandal. 

In July, a bipartisan House Oversight Subcommittee approved motions to subpoena Bill and Hillary Clinton and a slew of other high-profile political figures to aid its investigation looking into how the federal government handled Epstein’s sex trafficking case. 

The subpoenas were then sent out in early August, and the Clinton’s were scheduled to testify Dec. 17-18. 

“It has been more than four months since Bill and Hillary Clinton were subpoenaed to sit for depositions related to our investigation into Jeffrey Epstein and Ghislaine Maxwell’s horrific crimes. Throughout that time, the former president and former secretary of state have delayed, obstructed, and largely ignored the committee staff’s efforts to schedule their testimony,” Comer said in a press release issued Friday evening.

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DOJ CLEARED TO RELEASE SECRET JEFFREY EPSTEIN CASE GRAND JURY MATERIALS

Former Secretary of State Hillary Clinton and her husband, former U.S. President Bill Clinton.  (Justin Sullivan/Getty Images)

“If the Clintons fail to appear for their depositions next week or schedule a date for early January, the Oversight Committee will begin contempt of Congress proceedings to hold them accountable.”

Comer’s threats come as Democrats from the House Oversight Committee released a new batch of photos obtained from Epstein’s estate, which included further images of the disgraced financier with powerful figures like President Donald Trump and former President Bill Clinton. Thousands of images were reportedly released, with potentially more to come.

Other high-profile figures subpoenaed by the Oversight Committee include James Comey, Loretta Lynch, Eric Holder, Merrick Garland, Robert Mueller, William Barr, Jeff Sessions and Alberto Gonzales.

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FEDERAL JUDGE APPROVES RELEASING GHISLAINE MAXWELL CASE GRAND JURY MATERIAL

House Oversight Committee Chairman James Comer and Jeffrey Epstein. (Tom Williams/CQ-Roll Call, Inc via Getty Images; Neil Rasmus/Patrick McMullan via Getty Images)

In addition to testimony from these individuals, Comer and the Oversight Committee issued subpoenas to the Department of Justice (DOJ) for all documents and communications pertaining to the case against Epstein.

In September, the committee released tens of thousands of pages of Epstein-related records in compliance with the subpoena, and the Oversight Committee indicated the DOJ would continue producing even more records as it works through needed redactions and other measures that must occur before they are released.

U.S. Attorney General Pam Bondi, Jeffrey Epstein and President Donald Trump. (Getty Images)

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Kristi Noem grilled over L.A. Purple Heart Army vet who self-deported

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Kristi Noem grilled over L.A. Purple Heart Army vet who self-deported

The saga of a Los Angeles Army veteran who legally immigrated to the United States, was wounded in combat and self-deported to South Korea earlier this year, became a flashpoint during a testy congressional hearing about the Trump administration’s immigration policy.

Homeland Security Secretary Kristi Noem was grilled Thursday on Capitol Hill about military veterans deported during the immigration crackdown launched earlier this year, including in Los Angeles.

“Sir, we have not deported U.S. citizens or military veterans,” Noem responded when questioned by Rep. Seth Magaziner (D-R.I.).

Rep. Seth Magaziner (D-R.I.) speaks during a hearing of the House Committee on Homeland Security on Thursday. He was joined on a video call by Sae Joon Park, a U.S. military veteran who self-deported to South Korea.

(Mark Schiefelbein / Associated Press)

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An aide then held up a tablet showing a Zoom connection with Purple Heart recipient Sae Joon Park in South Korea. The congressman argued that Park had “sacrificed more for this country than most people ever have” and asked Noem if she would investigate Park’s case, given her discretion as a Cabinet member. Noem pledged to “absolutely look at his case.”

Park, reached in Seoul on Thursday night, said he was skeptical that Noem would follow through on her promise, but said that he had “goosebumps” watching the congressional hearing.

“It was amazing. And then I’m getting tons of phone calls from all my friends back home and everywhere else. I’m so very grateful for everything that happened today,” Park, 56, said, noting that friends told him that a clip of his story appeared on ABC’s “Jimmy Kimmel Live!” show Thursday night.

The late-night host featured footage of Park’s moment in the congressional hearing in his opening monologue.

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“Is anyone OK with this? Seriously, all kidding aside, we deported a veteran with a Purple Heart?” Kimmel said, adding that Republicans “claim to care so much about veterans, but they don’t at all.”

Park legally immigrated to the United States when he was 7, grew up in Koreatown and the San Fernando Valley, and joined the Army after graduating from Notre Dame High School in Sherman Oaks in 1988.

Sae Joon Park

Sae Joon Park received a Purple Heart while serving in the Army.

(From Sae Joon Park)

The green card holder was deployed to Panama in 1989 as the U.S. tried to depose the nation’s de facto leader, Gen. Manuel Noriega. Park was shot twice and honorably discharged. Suffering post-traumatic stress disorder, he self-medicated with illicit drugs, went to prison after jumping bail on drug possession charges, became sober and raised two children in Hawaii.

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Earlier this year, when Park checked in for his annual meeting with federal officials to verify his sobriety and employment, he was given the option of being immediately detained and deported, or wearing an ankle monitor for three weeks as he got his affairs in order before leaving the country for a decade.

At the time, Department of Homeland Security Assistant Secretary Tricia McLaughlin said Park had an “extensive criminal history” and had been given a final removal order, with the option to self-deport.

Park chose to leave the country voluntarily. He initially struggled to acclimate in a nation he hasn’t lived in since he was a child, but said Thursday night that his mental state — and his Korean-language skills — have improved.

“It hasn’t been easy. Of course, I miss home like crazy,” he said. “I’m doing the best I can. I’m usually a very positive person, so I feel like everything happens for a reason, and I’m just trying to hang in there until hopefully I make it back home.”

Among Park’s top concerns when he left the United States in June was that his mother, who is 86 and struggling with dementia, would die while he couldn’t return to the county. But her lack of awareness about his situation has been somewhat of a strange blessing, Park said.

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“She really doesn’t know I’m even here. So every time I talk to her, she’s like, ‘Oh, where are you?’ And I tell her, and she’s like, ‘Oh, when are you coming home? Oh, why are you there?’” Park said. “In a weird way, it’s kind of good because she doesn’t have to worry about me all the time. But at the same time, I would love to be next to her while she’s going through this.”

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Video: Trump Signs A.I. Executive Order

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Video: Trump Signs A.I. Executive Order

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Trump Signs A.I. Executive Order

Trump signed an executive order on Thursday that would limit individual states in regulating the artificial intelligence industry.

“It’s a big part of the economy. There’s only going to be one winner here, and that’s probably going to be the U.S. or China. You have to have a central source of approval. When they need approvals on things, they have to come to one source. They can’t go to California, New York.” “We’re not going to push back on all of them. For example, kids’ safety — we’re going to protect. We’re not pushing back on that. But we’re going to push back on the most onerous examples of state regulations.”

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Trump signed an executive order on Thursday that would limit individual states in regulating the artificial intelligence industry.

By Shawn Paik

December 11, 2025

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