Wall Street foes turn free-market heroes amid GOP attacks

A GOP campaign is pitting Republicans against big money managers and other Wall Street players, including BlackRock and JPMorgan Chase. | Ted Shaffrey/AP PhotoThe GOP’s war on corporate America’s environmental and social agenda is creating an unexpected set of Wall Street allies: Democrats defending free-market capitalism.

The response illustrates how the GOP’s escalating culture war with big business is straining its relationship with Wall Street and creating a new line of attack for Democrats ahead of the 2024 election. Rep. said at a hearing this month that former President Ronald Reagan “would be ashamed” of his party’s new approach.

Rep. Andy Barr sponsored a measure that would have repealed a Biden Labor Department rule that permits retirement investing tied to environmental and social goals. | Francis Chung/POLITICO

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Top Wall Street analysts see solid potential in these five stocksTipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, including Rivian and Alphabet.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »

What's ahead this week for Wall Street and the economy | CNN BusinessWhat's ahead this week for Wall Street and the economy | Analysis by Krystal Hur
Sumber: CNN - 🏆 4. / 95 Baca lebih lajut »