{"id":1901745,"date":"2023-03-20T19:13:09","date_gmt":"2023-03-20T23:13:09","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-issues-his-first-veto-on-retirement-resolution\/"},"modified":"2023-03-20T19:15:45","modified_gmt":"2023-03-20T23:15:45","slug":"biden-issues-his-first-veto-on-retirement-resolution","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-issues-his-first-veto-on-retirement-resolution\/","title":{"rendered":"Biden issues his first veto on retirement resolution"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-issues-his-first-veto-on-retirement-resolution%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1901745&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p> <br \/>\n<?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"entry-content\">\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">(Photo by Mario Tama\/Staff via Getty Images)<\/figcaption><\/figure>\n<p>On Monday, President Joe Biden exercised his veto power for the first time in his presidency, vetoing a bill that was mostly influenced by &#8220;MAGA Republicans.&#8221;<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<\/p>\n<p>The Republican-led legislation discouraged the Biden administration from considering environmental, social, and governance (ESG) issues in investment decisions. Republicans argue that ESG is merely a measure of a company&#8217;s loyalty to a &#8220;woke&#8221; cultural movement and, therefore, isn&#8217;t a legitimate concern.<\/p>\n<p>Biden rejected the bill, citing the potential risk to people&#8217;s retirement savings by making it illegal to consider the risk factors the MAGA House Republicans dislike, which puts the plan manager&#8217;s responsibility at risk. Fiduciaries, under a new Department of Labor ruling, would have to consider ESG in investment dealings for retirement savings of over 150 million Americans, according to this rule.<\/p>\n<p>Senator Joe Manchin (D-W.Va.) criticized Biden for using his veto power, allegedly putting a &#8220;radical&#8221; social agenda ahead of the American people, following the veto. Senate Majority Leader Chuck Schumer defended the rule, emphasizing that the focus should be on the companies&#8217; approach to climate change and social issues to minimize risk and maximize returns.<\/p>\n<p>With Biden&#8217;s veto, the bill will go back to Congress, but it is unlikely to obtain the two-thirds support required to overturn the veto.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote data-service=\"twitter\" data-category=\"marketing\" data-placeholder-image=\"https:\/\/c3.oann.com\/wp-content\/plugins\/complianz-gdpr\/assets\/images\/placeholders\/twitter-minimal.jpg\" class=\"cmplz-placeholder-element twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">I just vetoed my first bill.<\/p>\n<p>This bill would risk your retirement savings by making it illegal to consider risk factors MAGA House Republicans don&#8217;t like.<\/p>\n<p>Your plan manager should be able to protect your hard-earned savings \u2014 whether Rep. Marjorie Taylor Greene likes it or not. <a href=\"https:\/\/t.co\/PxuoJBdEee\">pic.twitter.com\/PxuoJBdEee<\/a><\/p>\n<p>\u2014 President Biden (@POTUS) <a href=\"https:\/\/twitter.com\/POTUS\/status\/1637860509432045591?ref_src=twsrc%5Etfw\">March 20, 2023<\/a><\/p><\/blockquote>\n<p><script type=\"text\/plain\" data-service=\"twitter\" data-category=\"marketing\" async data-cmplz-src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script> <\/div>\n<\/figure>\n<p>Stay informed! Subscribe here for free, and receive breaking news blasts directly to your inbox: <a rel=\"noreferrer noopener\" href=\"https:\/\/www.oann.com\/alerts\" target=\"_blank\">https:\/\/www.oann.com\/alerts<\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>According to sources, 45th President Donald Trump is to be indicted this week.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Xi Jinping and Vladimir Putin, leaders of China and Russia, respectively, met in Moscow, called each other &#8220;dear friends.&#8221;<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Florida Governor Ron DeSantis has joined 18 other states in the fight against Environmental, Social, and Governance (ESG) policies backed by Biden.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">  \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n<div class=\"entry-content\">\n<p>Facebook content moderators in Kenya are suing Meta&#8211;the social media site&#8217;s parent company&#8211;and two outsourcing companies.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Italian luxury sports car company Ferrari SpA was hacked, and ransom was demanded from the firm.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>TikTok reports the app has 150 million monthly active users in the short-video sharing platform.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Microsoft&#8217;s remedies have been approved by the European Union to address antitrust concerns over the tech company&#8217;s $69 billion acquisition deal of Nuance Communications.<\/p>\n<\/p><\/div>\n<p><\/p>\n<hr>\n<p>&#8216;From <a href=\"https:\/\/www.oann.com\/newsroom\/biden-issues-his-first-veto-on-retirement-resolution\/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=biden-issues-his-first-veto-on-retirement-resolution\">&#8220;Biden issues his first veto on retirement resolution&#8221;<\/a>&#8216;<\/p>\n<hr>\n<p><span style=\"font-size:11px\"><em>&#8220;The views and opinions expressed here are solely those of the author of the article and not necessarily shared or endorsed by Conservative News Daily&#8221;<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Photo by Mario Tama\/Staff via Getty Images) OAN Brooke MalloryUPDATED 3:58 PM \u2013 Monday, March 20, 2023 President Joe Biden vetoed a bill on Monday for the very first time in his presidency, disputing that the legislation was primarily influenced by \u201cMAGA Republicans.\u201d \u00adRepublican-led legislation has deterred the Biden administration from considering environmental, social, and<\/p>\n","protected":false},"author":1866,"featured_media":1901746,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[3620,4065,5421,7620,14351],"class_list":["post-1901745","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann","tag-biden","tag-issues","tag-resolution","tag-retirement","tag-veto"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1901745","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1866"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1901745"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1901745\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1901746"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1901745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1901745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1901745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}