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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: Bay Area Protesters Try to Block Base Entrance Before Immigration Operation

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Video: Bay Area Protesters Try to Block Base Entrance Before Immigration Operation

new video loaded: Bay Area Protesters Try to Block Base Entrance Before Immigration Operation

On Thursday, about 200 people attempted to block vehicles from entering a Coast Guard base in Alameda, Calif., which federal officials were planning on using for upcoming raids. President Trump later called off the operation.

By Jamie Leventhal

October 23, 2025

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Grassley releases memo showing DOJ ‘unleashed unchecked government power’ on Trump associates

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Grassley releases memo showing DOJ ‘unleashed unchecked government power’ on Trump associates

NEWYou can now listen to Fox News articles!

Sen. Chuck Grassley, R-Iowa, on Thursday released an April 2022 Justice Department memo showing then-Attorney General Merrick Garland, then-Deputy Attorney General Lisa Monaco, and then-FBI Director Christopher Wray personally approved an FBI investigation into alleged efforts by Trump campaign associates to obstruct Congress’ certification of the 2020 election.

Grassley posted the four-page memorandum on X, saying it proves top Biden administration officials “personally approved” the case — which he referred to as “Arctic Frost” — and that it “unleashed unchecked government power at the highest levels.”

The Iowa Republican added, “My oversight will continue.”

The April 2022 memo, signed by Garland, Monaco, and Wray, authorized the FBI’s Washington Field Office to open what the bureau designated a “Sensitive Investigative Matter.” The document details the FBI’s request to examine whether individuals connected to Donald Trump’s 2020 campaign conspired to obstruct Congress’ certification of the Electoral College on Jan. 6, 2021.

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TOP GOP SENATOR DEMANDS PROBE INTO WHETHER JACK SMITH ‘UNLAWFULLY’ TRIED TO INFLUENCE 2024 ELECTION

“Following the 2020 Presidential and Vice Presidential election, in an apparent effort to obstruct Congress’s certification of Electoral College, fraudulent certificates of electors’ votes were submitted to the Archivist of the United States, purporting to represent the actual elector votes from the states of Arizona, Georgia, Michigan, Nevada, and Wisconsin,” the executive summary reads. “Open source reporting and public statements made by individuals closely associated with Donald J. Trump, Inc. (Trump Campaign) present an articulable factual basis indicating the existence of a federal crime, and thus the FBI seeks to open a full investigation.

“Because this investigation involves a SIM as set forth in the Department of Justice memorandum dated February 5, 2020, entitled ‘Additional Requirements for Opening of Certain Sensitive Investigations’ (DOJ Memo), your authorization is required before WFO may initiate this full investigation,” the document continued.

Monaco wrote at the bottom of the document, “Merrick- I recommend you approve,” before initialing and dating it 4/5/22. Garland ultimately signed off on the investigation on the same day.

DEM REP DEFENDS DOJ OBTAINING GOP SENATOR CALL RECORDS IN 2023: ‘YOU WEREN’T SURVEILLED’

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Sen. Chuck Grassley released a memo from former FBI Director Christopher Wray to former Attorney General Merrick Garland to open an investigation into the Trump Campaign in April 2022, for allegedly attempting to interfere with Congress’ certification of the 2020 election. (Samuel Corum-Pool, Anna Moneymaker and Anna Moneymaker via Getty Images)

The authorization came more than a year after the Jan. 6, 2021, Capitol riot and months before now-former Special Counsel Jack Smith was appointed to oversee related investigations. The memo appears to document an early stage of the Justice Department’s examination of the so-called “fake electors” effort that became a focus of Smith’s probe.

In 2023, Smith subpoenaed phone records belonging to eight Republican senators and one House member, covering a four-day period — Jan. 4 to Jan. 7, 2021 — to examine call activity around the Capitol riot. The subpoenas did not seek call content but instead listed numbers, dates and durations.

The targeted senators included Republican Sens. Marsha Blackburn of Tennessee, Josh Hawley of Missouri and Lindsey Graham of South Carolina.

FBI FIRES AGENTS, DISMANTLES CORRUPTION SQUAD AFTER PROBE UNVEILS MONITORING OF GOP SENATORS, PATEL SAYS

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Former Special Counsel Jack Smith speaking to the press.

Jack Smith, U.S. special counsel, speaks during a news conference in Washington, D.C., on Tuesday, Aug. 1, 2023.  (Al Drago/Bloomberg via Getty Images)

In addition to the eight senators, Sen. Ted Cruz, R-Texas, told Fox News’ Sean Hannity Tuesday that he recently discovered Smith also attempted to subpoena his toll records but that his phone company, AT&T, did not hand them over.

Smith said the records were narrowly tailored and “entirely proper,” adding they were meant to support his investigation into Trump’s alleged efforts to subvert the 2020 election results.

Sen. Chuck Grassley

Senator Chuck Grassley, a Republican from Iowa and chairman of the Senate Judiciary Committee, speaks during a hearing in Washington, DC, US, on Tuesday, Sept. 16, 2025 (Al Drago/Bloomberg via Getty Images)

His lawyers wrote to Grassley, saying the subpoenas complied with Justice Department policy and were routine.

Republicans have broadly claimed they were inappropriately spied on and compared Arctic Frost to the Watergate scandal. Smith’s lawyers emphasized the normalcy of seeking phone records and said public officials are not immune from investigation.

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Smith’s attorneys also disputed accusations from FBI Director Kash Patel that the subpoenas were hidden, noting the requests were referenced in a footnote of Smith’s final report and shared with Trump’s defense team in discovery.

Fox News Digital’s Ashley Oliver contributed to this report.

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Climate change and wildfires divide California gubernatorial candidates at forum

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Climate change and wildfires divide California gubernatorial candidates at forum

Four of California’s gubernatorial candidates tangled over climate change and wildfire preparedness at an economic forum Thursday in Stockton, though they all acknowledged the stark problems facing the state.

Riverside County Sheriff Chad Bianco, a Republican, stood apart from the three other candidates — all Democrats — at the California Economic Summit by challenging whether the spate of devastating wildfires in California is linked to climate change, and labeling some environmental activists “terrorists.”

After a few audience members shouted at Bianco over his “terrorists” comment, the Democratic candidates seized on the moment to reaffirm their own beliefs about the warming planet.

“The impacts of climate change are proven and undeniable,” said Tony Thurmond, a Democrat and California superintendent of public instruction. “You can call them what you want. That’s our new normal.”

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The fires “do have a relationship with climate change,” said former Los Angeles Mayor Antonio Villaraigosa.

Besides environmental issues, the hour-and-a-half forum at the business-centric California Forward’s Economic Summit focused primarily on “checkbook” topics as the candidates, which also included former state Controller Betty Yee, offered gloomy statistics about poverty and homelessness in California.

Given the forum’s location in the Central Valley, the agricultural industry and rural issues were front and center.

Bianco harped on the state and the Democratic leaders for California’s handling of water management and gasoline prices. At one point, he told the audience that he felt like he was in the “Twilight Zone” after the Democrats on stage pitched ways to raise revenue.

Other candidates in California‘s 2026 governor’s race, including former Secretary of Health and Human Services Xavier Becerra and former Rep. Katie Porter, were not present at Thursday’s debate. Former Assembly Majority Leader Ian Calderon planned to come, but his flight from Los Angeles was delayed, audience members were told.

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All are vying to lead a state facing ongoing budget deficits caused by overspending. A state Legislative Analyst’s Office report released this month cited projected annual operating deficits ranging from roughly $15 billion to $25 billion through 2029. At the same time, federal cutbacks by the Trump administration to programs for needy Californians, including the state’s Medi-Cal healthcare program, will put more pressure on the state’s resources.

All of the candidates had different pitches during the afternoon event. Asked by moderator Jeanne Kuang, a CalMatters reporter, about ways to help rural communities, Thurmond cited his plan to build housing on surplus property owned by the state. He also repeatedly talked about extending tax credits or other subsidies to groups, including day-care providers.

Yee, discussing the wildfires, spoke on hardening homes and creating an industry around fire-proofing the state. Yee received applause when she questioned why there wasn’t more discussion about education in the governor’s race.

Villaraigosa cited his work finding federal funds to build rail and subway lines across Los Angeles and suggested that he would focus on growing the state’s power grid and transportation infrastructure.

Both the former mayor and Yee at points sided with Bianco when they complained about the “over-regulation” by the state, including restrictions on developers, builders and small businesses.

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Few voters are probably paying much attention to the contest, with the battle over Proposition 50 dominating headlines and campaign spending.

Voters on Nov. 4 will decide whether to support the proposition, which is a Democratic-led effort to gerrymander California’s congressional districts to try and blunt President Trump’s attempt to rig districts in GOP-led states to retain control of the House of Representatives.

“Frankly, nobody’s focused on the governor’s race right now,” Yee said at an event last week.

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