Biden warns of future challenges in farewell address and proposes key reforms

In his farewell address, President Joe Biden issued warnings about the future, highlighting concerns over an emerging oligarchy and the influence of social media. He emphasized the need to confront climate change and criticized misinformation. Biden proposed a constitutional amendment to ensure no president is immune from crimes committed while in office. He also called for higher taxes on billionaires, stricter campaign finance rules, term limits for Supreme Court justices, and a ban on stock trading by Congress members. The address took place in the Oval Office, with Biden's family present. He acknowledged Vice President Kamala Harris as a great partner and expressed hope for a smooth transition to the incoming administration.