McConnell Accuses Biden of Favoring Big Labor by Blocking U.S. Steel Deal - PRESS AI WORLD
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McConnell Accuses Biden of Favoring Big Labor by Blocking U.S. Steel Deal

share-iconPublished: Friday, January 10 share-iconUpdated: Friday, January 10 comment-icon2 months ago
News sources:
THEHILL
McConnell Accuses Biden of Favoring Big Labor by Blocking U.S. Steel Deal

Credited from: THEHILL

  • Sen. Mitch McConnell claims President Biden is prioritizing Big Labor by blocking the sale of U.S. Steel to Nippon Steel.
  • In an op-ed, McConnell argues that Biden's decision endangers America's economic and national-security interests.
  • Biden previously stated the need for U.S. companies to maintain leadership in the steelmaking industry.
  • Labor groups supported Biden's move, while businesses sharply criticized it, claiming it could lead to death to U.S. supply chains.
  • U.S. Steel and Nippon Steel have sued the government, alleging political interference in the merger review process.

For the full article, visit The Hill.

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