From Washington: President Biden Blocks Steel Deal

The Fox News Rundown

FOX News Radio

Politics, Daily News, News

3.4 • 1.5K Ratings

🗓️ 5 January 2025

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In his final days in office, President Joe Biden blocked a $15 billion acquisition of U.S. Steel by Japan's Nippon Steel. Last March, the President expressed his disapproval of a foreign company purchasing an American business, emphasizing the importance of keeping it a U.S. company. The White House remains firm in its decision, stating that the choice is primarily focused on defense and supply chain considerations. Bob Tita, a reporter covering the manufacturing and metals industries for The Wall Street Journal, discusses President Biden's decision and its potential impact on the nation. Former President Jimmy Carter died at the age of 100 and will lie in state at the U.S. Capitol this week. Senior Fellow at the Council on Foreign Relations, Ray Takeyh explains the impact of President Carter's decisions for the nation during his time as the 39th President, specifically regarding the Middle East. Ray looks at the lasting legacy of the Camp David Accords, America's relationship with Iran, and the normalization of relations with China. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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0:48.8	Sunday, January 5th, 2025.
0:52.6	I'm Jared Halpert.
0:54.0	The sale of an iconic American steelmaker is blocked by President Biden.
0:58.8	So, I mean, I think U.S. Steel basically will, at least in the short term,
1:05.1	we'll try to run the company as it is right now.
1:10.0	And they've basically signaled that they will continue to shift production to lower costs.
1:16.6	I'm Jessica Rosenthal. This week, President Jimmy Carter will lie in state at the U.S. Capitol before funeral and burial in Georgia.
1:23.3	As the nation reflects on his legacy, much of what happened foreign policy-wise on his watch still impacts us today.
1:29.1	What be devils American policy in the Middle East today is the Islamic Republic of Iran.
1:36.6	And the Iranian Revolution of February 1979, of course, took place during the Carter presidency.
1:42.2	This is the Fox News Rundown from Washington.
1:59.4	There wasn't much President Biden, Vice President Harris, and President Trump all agreed on during the campaign,
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