Political Wire

You are here: Home / Economy / Trump Invokes ‘Golden Share’ to Block U.S. Steel 

Trump Invokes ‘Golden Share’ to Block U.S. Steel 

By Leave a Comment

“The Trump administration flexed its new authority over U.S. Steel, blocking the company’s plan to shut down production at an Illinois plant this fall,” the Wall Street Journal reports.

“Two weeks ago, U.S. Steel notified workers in Granite City, Ill., that plant operations would cease in November. The company, owned by Tokyo-based Nippon Steel, said it would continue paying the mill’s nearly 800 employees, even without them doing regular production work.”

“Commerce Secretary Howard Lutnick got wind of the plan and called U.S. Steel Chief Executive Dave Burritt… Lutnick told Burritt the administration wouldn’t allow operations to cease, and the president would invoke his so-called golden share authority over plant operations.”

FavoriteLoadingSave to Favorites

From our partner: Incogni

Your Personal Data Is Already for Sale

A recent report says a member of Elon Musk's DOGE task force may have taken sensitive Social Security data to his private-sector job. Troubling — but data brokers already collect and sell your social security number, birth date, home address and more to anyone willing to pay.

You can’t stop data brokers — but you can make them delete your information.

Incogni does the work for you — contacting brokers and demanding removal of your personal data, including from hard-to-clean People Search sites.

It’s a simple way to reduce identity-theft risk, cut spam calls and keep sensitive financial and health data private.

Political Wire readers get 50% off with this link.



About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

Praise for Political Wire

“There are a lot of blogs and news sites claiming to understand politics, but only a few actually do. Political Wire is one of them.”

— Chuck Todd, host of “Meet the Press”

“Concise. Relevant. To the point. Political Wire is the first site I check when I’m looking for the latest political nugget. That pretty much says it all.”

— Stuart Rothenberg, editor of the Rothenberg Political Report

“Political Wire is one of only four or five sites that I check every day and sometimes several times a day, for the latest political news and developments.”

— Charlie Cook, editor of the Cook Political Report

“The big news, delicious tidbits, pearls of wisdom — nicely packaged, constantly updated… What political junkie could ask for more?”

— Larry Sabato, Center for Politics, University of Virginia

“Political Wire is a great, great site.”

— Joe Scarborough, host of MSNBC’s “Morning Joe”

“Taegan Goddard has a knack for digging out political gems that too often get passed over by the mainstream press, and for delivering the latest electoral developments in a sharp, no frills style that makes his Political Wire an addictive blog habit you don’t want to kick.”

— Arianna Huffington, founder of The Huffington Post

“Political Wire is one of the absolute must-read sites in the blogosphere.”

— Glenn Reynolds, founder of Instapundit

“I rely on Taegan Goddard’s Political Wire for straight, fair political news, he gets right to the point. It’s an eagerly anticipated part of my news reading.”

— Craig Newmark, founder of Craigslist.