President Joe Biden has issued his first veto, blocking the repeal of a Labor Department rule that permitted retirement investing tied to environmental and social goals. The Biden administration fought Republican-led efforts to pass the rollback three weeks ago, which was expected. The veto makes good on Biden's frequent promise to veto legislation passed by GOP-controlled House that he disagrees with. The Labor Department rule attempted to undo Trump-era policy that discouraged retirement plan managers from incorporating environmental and social factors into investment decisions. Biden's veto is a win for Democrats who have pushed for policies that encourage major corporations to elevate climate and social goals in their business practices.