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.

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.

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

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.

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

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.