Dec 23 (Reuters) - The Committee on Foreign Investment
in the United States (CFIUS) has told the White House it is
unable to reach a consensus on national security risks involved
in Nippon Steel's ( NISTF ) bid for U.S. Steel, the
Washington Post reported on Monday.
The high-level government review board delivered its final
evaluation of the deal late on Monday, the report said, citing
two people familiar with the matter.
Nippon Steel ( NISTF ) announced a $15 billion takeover of U.S. Steel
last December but both President Joe Biden and President-elect
Donald Trump have said they oppose the deal.
CFIUS said Monday that allowing Nippon Steel ( NISTF ) to take over
U.S. Steel could result in lower domestic steel production
representing "a national security risk", according to the
Washington Post.
The U.S. Treasury Department, which leads CFIUS, and the
White House did not immediately respond to requests for comment.
Nippon Steel ( NISTF ) declined comments.
The decision on what comes next for the deal now lies with
Biden, who has 15 days to act, the report said.