The fate of Nippon Steel's proposed $15 billion acquisition of US Steel now rests in the hands of President Joe Biden, as reported by the Washington Post on Tuesday.

CFIUS Deadlock: The Committee on Foreign Investment in the United States (CFIUS) has reached an impasse over the deal, unable to agree on the national security implications.

Trump's Opposition: President-elect Donald Trump has already voiced his opposition to the deal, leaving Biden with approximately two weeks to make a decision before Trump takes office.