Biden warns of billionaire influence in politics during final Oval Office speech

President Joe Biden addressed concerns about billionaire influence in U.S. politics during his final Oval Office speech, marking a shift in his rhetoric. He warned of an emerging oligarchy that threatens democracy and equality. Progressives expressed mixed reactions, feeling both appreciation and frustration. Some noted that Biden's acknowledgment came too late, as they had long advocated for these issues. The incoming Republican administration, led by President-elect Donald Trump, is expected to include many billionaires in key positions. Democrats aim to highlight this connection to challenge Trump's appeal among working-class voters.