Biden is set to use his first veto to save what Republicans call a "woke" rule that lets retirement fund managers consider companies' social and environmental records

• The Senate voted to overturn a Labor Department measure allowing investment managers to make socially and environmentally conscious investing decisions. 
• Biden is likely to veto the decision. 
• The vote represents a growing Republican backlash against policies perceived as "woke." 

Senate Republicans made strides this week in preventing what they call "woke" retirement plan investing for Americans. 

But President Biden will likely use his executive power to veto it.