President Biden issues his first veto since taking office, rejecting a bipartisan measure that would nullify a new administration rule for retirement plans.
"I just signed this veto because the legislation passed by the Congress would put at risk the retirement savings of individuals across the country," Biden said in a video posted on his Twitter account."They couldn't take into consideration investments that would be impacted by climate, impacted by overpaying executives and that's why I decided to veto it."
In the Senate vote, Democratic Sens. Joe Manchin of West Virginia and Jon Tester of Montana joined Republicans to pass the measure.
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