Valley leaders are on edge as the deadline approaches for President Biden to decide whether to approve Nippon Steel's takeover of U.S. Steel.

President Biden has just over a week to decide how he wants to move forward on Nippon Steel's proposed acquisition of U.S. Steel. CBS News White House reporter Willie James Inman has more on that and some of the other big news coming out of the Biden administration.

Nippon Steel on Thursday said it was revising its expectations for the closing of the U.S. Steel deal from the end of 2024 until the first quarter of 2025, citing the reviews that are still ongoing.

Nippon Steel on Thursday delayed the closing date for its proposed $14.9 billion purchase of U.S. Steel, as it waits to learn if President Biden will block the deal on national security grounds. Why it matters: The Japanese steelmaker is trying to play nice with the White House,

Japanese steel producer says it remains confident the acquisition “will protect and grow United States Steel.”

AND JUSTIN THIS AFTERNOON NIPPON STEEL EXTENDING THE CLOSING DATE FOR A PROPOSED SALE OF U.S. STEEL. IT’S NOW THE FIRST QUARTER OF 2025. IT W

U.S. regulators failed to agree on whether to allow Nippon Steel's $14.9 billion purchase of U.S. Steel, passing the decision to President Biden.

The Japanese company’s plan to acquire United States Steel has been referred to President Biden after a government panel reviewing the plan failed to reach a consensus.

Mayors, including Gary Mayor Eddie Melton, wrote a letter to President Joe Biden that urged his administration not to block Nippon Steel's proposed $14.9 billion acquisition of U.S. Steel.

Nippon Steel announced it has extended the closing date for its $14.9 billion acquisition of U.S. Steel to the first quarter of 2025, as President Joe Biden considers blocking the deal. The merger has faced opposition from the United Steelworkers union and politicians,