Biden issues first veto, defending Labor Dept. ‘ESG’ rule

WASHINGTON (AP) — President Joe Biden on Monday issued the first veto of his presidency as he sought to block Republican-led efforts in Congress to overturn a Labor 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. Because suits and cli