"Biden's First Veto Sparks Controversy Over ESG and Retirement Investments"

Senator Joe Manchin criticized President Biden's veto of a Republican-led effort to block pension funds from making investment decisions based on factors such as climate change, accusing him of prioritizing "radical policy" over the country's economic, energy, and national security needs. Biden argued that repealing the ESG rule would put people's retirement savings "at risk." Manchin and Senator Jon Tester were the only two Democrats to vote in favor of nixing the Labor Department ESG rule, which passed in a 50-46 vote.