Biden Blocks Nippon Steel-U.S. Steel Deal; Giuliani in New York for Contempt Hearing

Rep. Mike Johnson (R-La.) narrowly won reelection Friday as Speaker of the House on the first ballot, overcoming hardline GOP holdouts after a tense standoff. The tally was 218–215.

President Joe Biden on Friday followed through on his pledge to block Nippon Steel’s $14.9 billion bid for U.S. Steel, citing concerns the deal could hurt national security.

A Manhattan federal judge will consider a request by two Georgia election workers to hold former New York City Mayor Rudy Giuliani in civil contempt for refusing to turn over property as payment toward a $148 million defamation award.