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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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Video: Trump’s Signature to Appear on Dollar Bills

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Video: Trump’s Signature to Appear on Dollar Bills

new video loaded: Trump’s Signature to Appear on Dollar Bills

President Trump’s signature will be added to U.S. paper currency later this year, the Treasury Department said on Thursday.

By Shawn Paik

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DHS shutdown breakthrough comes at cost for Republicans as funding fights nears end

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DHS shutdown breakthrough comes at cost for Republicans as funding fights nears end

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Congress is one step closer to ending the Homeland Security shutdown after the Senate advanced a new, last-minute deal, but it came at the price of Republicans ceding ground, temporarily, to Senate Minority Leader Chuck Schumer, D-N.Y.

The Senate unanimously advanced a deal to reopen most of the Department of Homeland Security (DHS) in the wee hours of Friday morning, 42 days into the shutdown that was spurred by the Trump administration’s immigration operations in Minnesota.

It was an agreement that largely gave Schumer and Senate Democrats what they wanted — no funding for Immigration and Customs Enforcement (ICE) and parts of Customs and Border Protection (CBP). But it lacked the stringent reforms they desired, like requiring judicial warrants or requiring agents to unmask.

SCHUMER, DEMS BLOCK DHS FUNDING AGAIN, TRUMP INTERVENES TO PAY TSA AGENTS

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Senate Majority Leader John Thune, R-S.D., said that Republicans had made what was likely their “final” offer to Democrats to reopen DHS.  (Stefani Reynolds/Bloomberg via Getty Images)

While the deal mirrors previous attempts by Democrats to pass similar legislation that carved out immigration funding, Thune argued that Democrats are still walking away empty-handed in the policy fight over immigration enforcement. 

“We’ve been trying for weeks to fund the whole thing,” Thune said. “And, I mean, in the end, this is what they were willing to agree to. But again, it’s different that it has zero reforms in it. I mean, they got no reforms on DHS, which they could have had if they had been willing to work with us a little bit on that.”

Schumer said that if Republicans hadn’t blocked their initial attempts, “this could have been done three weeks ago.”

“This is exactly what we wanted,” Schumer said. “This is what we asked for, and I’m very proud of my caucus. My caucus held the line.”

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The DHS funding deal now heads to the House, where Republicans aren’t enthusiastic about not funding key components of President Donald Trump’s immigration crackdown agenda.

The latest plan came after Senate Democrats blocked a seventh attempt to reopen DHS, after back-and-forth talks throughout the day on Thursday appeared to yield little progress toward a resolution. Trump also announced his intent to sign an order that would pay Transportation Security Administration (TSA) agents as major airports are rocked with staggering lines and eye-popping wait times amid the shutdown. 

DEMS BLOCK DHS FUNDING AFTER GOP REJECTS THEIR COUNTER, THUNE SAYS SCHUMER ‘GOING IN CIRCLES’

Senate Minority Leader Chuck Schumer, D-N.Y., and Democrats rejected Republicans latest deal to reopen DHS, and have promised a counteroffer with reforms in return.  (Alex Wong/Getty Images)

While a further concession to Democrats, in part, the underlying argument Republicans have made all along is that if Schumer and his caucus wanted reforms, they would have to agree to fund immigration enforcement.

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And ICE and CBP are still flush with roughly $75 billion in cash from Trump’s “big, beautiful bill,” giving the agencies a buffer for a time.

“The good news is we anticipated this a year ago. I mean, one of the reasons we front loaded, pre-loaded up the ‘one big, beautiful bill’ with advanced funding for Homeland Security was because we anticipated this was likely going to happen, and it did,” Thune said. “I still think it’s unfortunate. The Dems wanted reforms. We tried to work with them on reforms. They ended up getting no reforms.”

The same process used to pass that colossal legislative package will likely be turned to again fund immigration enforcement.

DHS DEAL IN LIMBO AS DEMOCRATS DEMAND TOUGHER ICE CRACKDOWN DESPITE GOP COMPROMISE

A U.S. Immigration and Customs Enforcement officer’s badge and gear.  (Michael Siluk/UCG/Universal Images Group via Getty Images)

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Sen. Eric Schmitt, R-Mo., envisions funding ICE and CBP for several years.

“Democrats are trying to shut down ICE funding for the remainder of the fiscal year — ultimately they won’t be successful,” Schmitt said on X. “In response, I’ll be pushing to lock in funding for deportation operations and salaries for a decade.”

Doing so could be difficult, still, given that Republicans want to dump several other priorities into the mix, including portions of the Safeguarding American Voter Eligibility (SAVE) America Act and funding for the Iran war.

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And some Republicans are already couching expectations on what can and can’t be accomplished in the party-line process, given that anything in the bill has to pass muster with strict rules in the Senate.

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“I think we have to set our sights a little bit lower on this reconciliation bill,” Sen. Roger Marshall, R-Kan., told Fox News Digital. “It’s got to be targeted to fund ICE for 10 years, I think that’s the number one thing to us.”

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Bill Maher on getting the Mark Twain Prize for humor: ‘Like an Emmy, except I win’

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Bill Maher on getting the Mark Twain Prize for humor: ‘Like an Emmy, except I win’

It’s like that time Pinocchio became a real boy: News that was labeled “fake” last week is real today, per the Kennedy Center, and Bill Maher will indeed be the 27th person to receive the Mark Twain Prize for American Humor.

The White House strongly dissed the Atlantic’s reporting (followed by unreporting) last week that Maher was the next in line for the 2026 prize that Conan O’Brien got last year and Kevin Hart picked up the year before that. The Twain honor has been bestowed on comics almost annually since 1998 by the Kennedy Center, a “tired, broken, and dilapidated” building that President Trump slapped his own name on in December and plans to close for two years’ worth of renovations starting July 4 — hence the response from White House flacks.

“Literally FAKE NEWS,” said Steven Cheung, White House director of communications, on his official X account reacting Friday to the Atlantic story. Karoline Leavitt, White House press secretary, said in a statement to the publication, “This is fake news. Bill Maher will NOT be getting this award.”

But People reported Thursday that although the Atlantic’s news was deemed “fake” at the time, according to word from a White House official, the situation had “evolved” in the six days since then.

You say tomato, I say to-mah-to? At any rate, Bill’s getting the Twain, given previously to comedic luminaries including Richard Pryor, Whoopi Goldberg, George Carlin, Lily Tomlin, Steve Martin, Lorne Michaels, Tina Fey and Dave Chappelle.

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Maher had no response on social media, perhaps reserving his reaction for the upcoming “Real Time With Bill Maher” episode due out Friday on HBO or his next “Club Random” podcast. But he did issue a dryly amusing statement Thursday in a Kennedy Center news release, saying, “Thank you to the Mark Twain people: I just had the award explained to me, and apparently it’s like an Emmy, except I win.”

(Maher’s show has been nominated for Emmy Awards 22 times, from 2004 through 2024, including 13 nods for variety series and the rest for writing, directing and personal performance. It has won exactly zero of those times. Even Susan Lucci only had to wait through 18 Daytime Emmy nominations before she finally won on the 19th — and proceeded to lose out on two more.)

The comic’s statement continued: “I’d just like to say that it is indeed humbling to get anything named for a man who’s been thrown out of as many school libraries as Mark Twain.”

“For nearly three decades, the Mark Twain Prize has celebrated some of the greatest minds in comedy,” Roma Daravi, vice president of public relations for the Kennedy Center, said in a statement of her own. “For even longer, Bill has been influencing American discourse — one politically incorrect joke at a time.”

Maher, a self-described liberal who has no love for the Republican Party, found himself in strange-new-respect territory among conservatives in recent years after he started slamming far-left ideology as ruthlessly as he slammed the far right. Then last spring he accepted an invitation for dinner with Trump at the White House, and many heads exploded.

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“OK, as you know, 12 days ago, I had dinner with President Trump, a dinner that was set up by my friend Kid Rock because we share a belief that there’s got to be something better than hurling insults from 3,000 miles away,” said Maher, who lives on the West Coast, on the April 11, 2025, episode of “Real Time.”

“And let me first say that to all the people who treated this like it was some kind of summit meeting, you’re ridiculous. Like I was going to sign a treaty or something. I have — I have no power. I’m a f— comedian, and he’s the most powerful leader in the world. I’m not the leader of anything except maybe a contingent of centrist-minded people who think there’s got to be a better way of running this country than hating each other every minute.”

Maher said he brought with him to the dinner a list of almost five dozen epithets the president had hurled his way over the years, intending to ask Trump to sign it for him. Which the president did. And after sharing some anecdotes from the visit, including some snappy retorts, Maher told his audience that Trump was “much more self-aware than he lets on in public.”

“I never felt I had to walk on eggshells around him. And honestly, I voted for Clinton and Obama, but I would never feel comfortable talking to them the way I was able to talk with Donald Trump. That’s just how it went down. Make of it what you will.”

The Mark Twain Prize will be given to Maher at a gala set for June 28, with Netflix streaming the event at a later date, yet to be determined.

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