Pres. Biden issued his first veto to block Republican-led efforts to overturn a rule allowing retirement plans to consider environmental, social and governance factors when making investment decisions.
Joe Biden
It's just the latest manifestation of the new relationship, and Biden is gearing up for even bigger fights with Republicans on government spending and raising the nation’s debt limit in the next few months. Critics say environmental, social and governance investments allocate money based on political agendas, such as a drive against climate change, rather than on earning the best returns for savers. Republicans in Congress who pushed the measure to overturn the Labor Department's action argue ESG is just the latest example of the world trying to get “woke.”
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