Senate votes to overturn Biden administration retirement investment rule Republicans decry as 'woke' | CNN Politics

  • 📰 CNN
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 95%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Senate votes to overturn a retirement investment rule, setting up the possibility that Biden could issue his first presidential veto.

Republicans complain the rule is “woke” policy that pushes a liberal agenda on Americans and will hurt retirees’ bottom lines, while Democrats say it’s not about ideology and will help investors. The measure, which would rescind a Department of Labor rule, will next go to President Joe Biden’s desk as it was passed by the House on Tuesday. The administration, however, has issued a veto threat.

John Barrasso of Wyoming said at a news conference on Tuesday, “What’s happened here is the woke and weaponized bureaucracy at the Department of Labor has come out with new regulations on retirement funds, and they want retirement funds to be invested in things that are consistent with their very liberal, left-wing agenda.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Who are the 4 senators that failed to vote? Your article calls out the 2 Ds that voted with Rs, but not the 4 no shows. Had they voted against, the measure would have failed. Those who do not use their vote are also responsible.

Do better CNN and stop helping Republicans. This should say 'Senate to vote to...'.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines