Biden rejects U.S. Steel-Nippon Steel deal
CBSN
President Biden announced Friday that he is blocking the $15 billion proposal by Japan's Nippon Steel to buy U.S. Steel after a government panel recently failed to reach consensus on the possible national security risks of the deal.
Mr. Biden long opposed the deal and was waiting for a report on the merger to be issued by the Committee on Foreign Investment in the United States, known as CFIUS, to announce his final decision. The interagency committee, chaired by Treasury Secretary Janet Yellen, reviews such deals with an eye toward potential national security risks, and can block sales or force changes in the terms to protect national security. CFIUS said on Dec. 23 that it was unable to reach a consensus on the deal, leaving it to Mr. Biden.
"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; and it is a fulfillment of that responsibility to block foreign ownership of this vital American company," the president said in a statement Friday announcing his decision to block the deal. "U.S. Steel will remain a proud American company – one that's American-owned, American-operated, by American union steelworkers – the best in the world."
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Dana Chandler has spent decades maintaining her innocence against allegations she was responsible for the 2002 murders of her ex-husband, Mike Sisco, and his girlfriend, Karen Harkness. HAROLD WORSWICK (to 911): I just located my daughter and she's downstairs and she's dead … JULY 28: … Dana stalking neighborhood at 8:30, caught her she left. ... DET. RICHARD VOLLE (phone call to Chandler): Your husband was found shot to death today, this afternoon. Your ex-husband, I'm sorry … Can you tell me when the last time was that you talked to him? DANA CHANDLER (phone call to police): Hi, my name is Dana Chandler and I got a very disturbing phone call last night. Someone had said that my ex-husband had been killed, and I'm just calling to — to see if that's true or not … DET. RICHARD VOLLE ( interview audio 2002): Tell me about what happened on the 6th. HAILEY SEEL (recorded phone call): … I think that the only way I can really move on with a relationship with you is if we can get it, you know, if you can just tell me yourself that you did it. … HAILEY SEEL (recorded phone call): Why did it have no calls and was at home the whole time? You knew it could be traced. DANA CHANDLER (recorded conversation): I said I could kill him. You ever think about killing him? HAROLD DOW | "48 Hours" correspondent: Did you know anything about the death of Michael and Karen? HAILEY SEEL (recording to Dana Chandler): Nobody can say that they — that you were in Colorado that weekend? DANA CHANDLER (recording): …. you ever think about killing him? DANA CHANDLER (recording, played in court): … She asked me for money and we don't give people money at AA. I said, "I'll go buy you some gas …"
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