BREAKING: PressSec confirmed that President Joe Biden will veto the Republican-backed bill rolling back a Labor Department investing rule if it makes it to his desk.
White House press secretary Karine Jean-Pierre confirmed Wednesday that President Joe Biden will veto the Republican-backed bill rolling back a Labor Department investing rule if it makes it to his desk.
Centrist Democratic Sens. Jon Tester and Joe Manchin signaled they will back the bill, which must first clear the Senate to get to Biden's desk. Supporters of the push to scrap the so-called ESG rule argue the policy is"woke capitalism" that undermines retirement accounts for workers, but Jean-Pierre contended it could hamstring investors.
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