Biden warns of emerging oligarchy in farewell address and claims credit for Gaza ceasefire

In his farewell address, President Joe Biden warned of an emerging "oligarchy" in America, citing concerns over wealth and power concentration. He emphasized the importance of democratic principles and a peaceful transition of power to Donald Trump. Biden also took credit for a recent ceasefire deal between Israel and Hamas, stating it was negotiated by his team. He highlighted the need to protect democratic institutions and combat misinformation in the media. The address drew mixed reactions, with Democrats praising Biden's achievements and Republicans criticizing him, particularly regarding his son Hunter's business dealings. Biden's approval ratings remain low, with only about 36% of adults believing he has done a good job.