House GOP fails to override Biden veto of ESG investing ban:
pbs.org/newshour/politics/house-gop-fails-to-override-biden-veto-of-esg-investing-ban
Quick Glance: Patronis targets BlackRock as GOP leaders collaborate to discredit ESG
- TALLAHASSEE, FLORIDA — When Florida CFO Jimmy Patronis decided to drop BlackRock from managing $2 billion in state treasury funds, he cited company CEO Larry Fink's commitment to deciding where to invest based on climate change and other factors.
- Fink stated that BlackRock is not political.
- BlackRock managed $1.4 billion in long-term bonds for the state treasury, or 2.5% of the state's $60 billion treasury.
- According to records, Patronis dropped BlackRock after his team developed a ranking system based on first-, third-, and fifth-year returns that determined BlackRock ranked 10th out of the state's 12 investment firms.
Story Details
| Last Updated | Mar 24 23 |
| Total Articles | 8 |
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House fails to override Biden veto of resolution to overturn investment rule: The House of Representatives on Thursday failed to override President Joe Biden's ...
cnn.com/2023/03/23/politics/veto-override-vote-house/
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House fails to override Biden veto of resolution to overturn investment rule: The House of Representatives on Thursday failed to override President Joe Biden's ...
cnn.com/2023/03/23/politics/veto-override-vote-house/
House Republicans fail to overturn Biden veto on social governance rule - UPI.com
upi.com/Top_News/US/2023/03/23/Joe-Biden-Environmental-social-governance/2841679612719/
Republicans Fail To Override Biden’s First Veto: President Biden rejected a Republican-backed bill earlier this week that would have prohibited retirement fund ...
forbes.com/sites/nicholasreimann/2023/03/23/republicans-fail-to-override-bidens-first-veto/
Patronis targets BlackRock as GOP leaders work in concert to discredit ESG: At the center of the effort to help Republican officials discredit ESG fund managers ...
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Social Security cost of living boost in 2025? Early estimate calls for 2.6% increase
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- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
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