Joe Biden issues first veto as US President, strikes down legislation to defend labor department 'ESG' rule
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President Joe Biden issued the first veto of his presidency as he sought to block Republican-led efforts in Congress to overturn a Labour Department rule allowing retirement plans to consider environmental, social and governance factors when making investment decisions. The Labor Department rule ended a Trump-era ban on managers of retirement plans considering factors such as climate change or pending lawsuits when making investment choices.