President Biden sparked outrage after issuing the first veto of his presidency Monday to thwart a bipartisan anti-ESG bill.
The bipartisan bill sought to strike down a new Labor Department rule encouraging retirement fiduciaries to consider environmental, social and corporate governance (ESG) issues in their investments. Sen. Joe Manchin, D-W. Va., blasted Biden for the veto, saying, "President Biden is choosing to put his Administration’s progressive agenda above the well-being of the American people."
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