"Biden's First Veto: A Stand Against Republican Influence on Investing"

President Biden issued his first veto, rejecting a Republican effort to prevent investment managers from considering climate and social factors in their decisions, known as ESG. Republicans have recently criticized ESG as "woke capitalism" that injects Democratic and liberal values into financial decisions. Biden defended his veto, accusing far-right Republicans of imposing their views on the rest of the country and risking retirement savings. The Senate passed the resolution by a vote of 50 to 46, with two Democrats joining every Republican.