Biden issues first veto, Mitt Romney calls it a 'mistake'
Posted on AllSides March 21st, 2023
From The Center
WASHINGTON — President Joe Biden issued his first veto Monday, protecting a rule that allows retirement plan managers to consider social issues when they make investment decisions. The Department of Labor rule the resolution would have overturned says retirement plan fiduciaries can take environmental, social and governance — called "ESG" — factors into consideration, rather than strictly looking at investment returns, when deciding how to invest money saved in pension and retirement plans. Critics of the rule, including Sen. Mitt Romney, R-Utah, say it jeopardizes Americans' retirement savings, since ESG...