Biden's veto sparks political debate over investment rule.
The House of Representatives is set to vote on Thursday to override President Biden's veto of a measure to overturn a retirement investment rule that allows managers of retirement funds to consider the impact of climate change and other environmental, social, and governance factors when picking investments. However, a two-thirds majority vote would be needed in both chambers of Congress to override the veto, which is unlikely to happen. Republican lawmakers led the effort to overturn the investment rule, arguing it pushes a liberal agenda on Americans and will hurt retirees' bottom lines, while Democrats argue it will help investors.