President Joe Biden issued his first veto on March 20, rejecting a bipartisan measure that would have blocked a Labor Department rule that allows pension fund managers to consider social factors and climate change in investment decisions—a rule that Republicans say is a “woke” policy that will harm retirees’ pocketbooks.
The president posted a video to Twitter defending his veto, saying it “made sense” because Congress’s resolution would “put at risk the retirement savings of individuals across the country.”
