Biden and the veto power

Published March 10, 2023 3:45am ET




Joe Biden is expected, likely within the week, to issue the first veto of his presidency more than two years into the start of his administration. His target is the so-called ESG bill, a resolution passed by Congress and overturning a Labor Department rule that allowed asset managers to prioritize environmental, social, and corporate governance factors over the strict financial results in retiree accounts when making investments.

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