Biden's First Veto Sparks Controversy Over Market Ideology.
President Biden vetoed a bill that would end a Labor Department rule allowing retirement fund managers to use ESG metrics when managing funds, prioritizing the liberal agenda over actual returns. The move eviscerates the decades-old rule that retirement funds aim to maximize returns. The Democratic Senate passed a House-approved bill to block it, but Biden claimed that not sinking money into woke companies "would put at risk the retirement savings of individuals across the country."