Biden Issues First Veto against Lawmakers' Repeal of ESG Rule, House Schedules Override Vote

President Joe Biden issued his first veto Monday after the House repealed the Labor Department's ESG or "Environmental, Social, and Corporate Governance" rule.

It's the latest political acronym to get Washington, D.C.'s full attention. Conservatives have made the investment strategy a target, creating a rallying cry against what they call "woke capitalism." The House leadership will bring up a vote to override the veto.

"152 million investors through 401k plans. $11.7 trillion. That is a lot of money," Sen. Mike Braun (R-IN) told reporters in a recent news conference. "That is...