The Latest Breaking News from Labor Department

WASHINGTON — House Republicans came up short in their effort to override the first veto of President Joe Biden’s presidency, meaning Labor Department regulations permitting consideration of environmental, social and governance (ESG) factors in investing will stand.

A regulation allowing pension managers to weigh ESG factors will stand, after the House did not override Biden's veto.

President Joe Biden vetoed an attempt to block pension investment managers from weighing environmental and social justice factors.

The American job market has once again confounded expectations

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

Democratic Sens. Jon Tester and Joe Manchin bucked their own party and joined Republicans to pass the bill.

Some say embracing ESG is the answer. Others say ESG is the problem.

WASHINGTON — The Senate on Wednesday cleared a resolution that would disapprove of a Labor Department rule allowing retirement plans to consider climate factors in their investment decisions, setting the stage for the first veto of President Joe Biden’s presidency.

President Biden is likely to veto his first piece of legislation, a resolution that would nullify a Labor Department investment rule.