Biden's First Veto Sparks Controversy Over Market Ideology.
TL;DR
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."
- Don't buy Team Biden's Orwellian 401(k) gaslighting New York Post
- Biden shredded after issuing first veto of his presidency to protect ESG: 'Such a liar' Fox News
- Biden issues first veto of his presidency MSNBC
- Opinion: Biden's veto supports free markets, not 'woke' capitalism CNN
- Biden’s first veto spent on anti-market resolution The Hill
Want the full story? Read the original reporting
Read on New York Post