A committee charged with judge National security concerns from foreign investment couldn’t decide if Japan was a friend or foe.

A powerful government panel has failed to reach consensus on the possible national security risks of a nearly $15 billion proposed deal for Nippon Steel of Japan to purchase U.S. Steel

Nippon Steel (NPSCY) confirms it was notified by the Committee on Foreign Investment in the United States that the panel failed to reach a consensus on the company’s proposed buyout of U.S. Steel (X) and has referred the matter to President Joe Biden.

The Committee on Foreign Investment in the United States (CFIUS) has told the White House it is unable to reach a consensus on national security risks involved in Nippon Steel's bid for U.S. Steel, the Washington Post reported on Monday.

Shares in United States Steel Corp. and Nippon Steel fell in trading Monday after reports said the federal government's review of the $14.9 billion acquisition of the Pittsburgh-based steelmaker hasn't reached a consensus.

A US government panel failed to reach a consensus on whether US Steel's acquisition by Nippon Steel threatens Washington's national security, shifting the decision to the White House, the Japanese

Nippon Steel’s $15 billion bid to buy U.S. Steel has been referred to President Joe Biden after a government panel could not decide whether it should go forward. The Committee on Foreign Investment in the U.