• AutoTL;DRB
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    13 months ago

    This is the best summary I could come up with:


    By opposing the merger, Biden has chosen to support unionized workers in a critical election year at the risk of upsetting the business community and an essential ally in Japan.

    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.

    When asked about the deal on Thursday, White House national security spokesman John Kirby declined to say if the president wanted to stop it outright or would be amendable to changes in its structure.

    The treasury secretary leads the committee, which is also composed of the heads of federal agencies and, as deemed appropriate, directors of White House councils on the economy and national security.

    Biden traveled 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.


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