Biden warns of growing oligarchy in farewell address as he reflects on presidency

In his farewell address, President Joe Biden warned of a growing "oligarchy" in America, highlighting the concentration of power among the ultra-wealthy. He expressed concerns about misinformation and the erosion of democracy, urging Americans to stay engaged. Biden, who leaves office with low approval ratings and after a single term, reflected on his legacy and the challenges faced during his presidency. He acknowledged his administration's efforts in foreign policy but noted the ongoing struggles at home. The address coincided with a ceasefire announcement between Israel and Hamas. Biden's remarks emphasized the importance of unity and fairness in democracy, as he urged citizens to uphold the values of the nation.