President Biden says in a statement to be released Thursday that the U.S. needs to “maintain strong American steel companies powered by American steel workers."
The Democratic president has made the restoration of American manufacturing a cornerstone of his agenda as he seeks reelection, and he has the endorsements of the AFL-CIO and several other prominent unions.
It also committed to keeping the U.S. Steel name and Pittsburgh headquarters, while noting it already has a presence in the American market and would bring in new resources to foster job growth.
The company, which is the world’s fourth largest steel producer, launched a website with supportive statements from Larry Summers, the former treasury secretary, and Pat Toomey, a Republican and former senator from Pennsylvania.
Biden has a big megaphone to weigh in on the matter, but he is not intervening in the review process or formally blocking the deal, according to a person familiar with deliberations who insisted on anonymity to discuss the situation.
Biden will travel on Thursday to Saginaw, Michigan, which was once home to multiple General Motors plants and where he hopes his backing from union workers can resonate with voters.
The city is in a swing county that narrowly backed Trump in 2016 and then flipped to Biden in 2020, making it a crucial contest in this year’s presidential race.
The original article contains 627 words, the summary contains 198 words. Saved 68%. I’m a bot and I’m open source!
This is the best summary I could come up with:
The Democratic president has made the restoration of American manufacturing a cornerstone of his agenda as he seeks reelection, and he has the endorsements of the AFL-CIO and several other prominent unions.
It also committed to keeping the U.S. Steel name and Pittsburgh headquarters, while noting it already has a presence in the American market and would bring in new resources to foster job growth.
The company, which is the world’s fourth largest steel producer, launched a website with supportive statements from Larry Summers, the former treasury secretary, and Pat Toomey, a Republican and former senator from Pennsylvania.
Biden has a big megaphone to weigh in on the matter, but he is not intervening in the review process or formally blocking the deal, according to a person familiar with deliberations who insisted on anonymity to discuss the situation.
Biden will travel on Thursday to Saginaw, Michigan, which was once home to multiple General Motors plants and where he hopes his backing from union workers can resonate with voters.
The city is in a swing county that narrowly backed Trump in 2016 and then flipped to Biden in 2020, making it a crucial contest in this year’s presidential race.
The original article contains 627 words, the summary contains 198 words. Saved 68%. I’m a bot and I’m open source!