President Joe Biden's farewell address warns of the dangers posed by the concentration of power among the ultra-wealthy, describing it as an emerging oligarchy. He also highlights the threats of misinformation and a declining free press,

"Join me tonight as I reflect on our progress and deliver my farewell address to the nation," President Joe Biden's X account posted, in part, on Wednesday.

U.S. President Joe Biden answers questions from the media at a briefing on the federal response to the wildfires across Los Angeles, in the Oval Office at the White House in Washington, U.S., January 10,

President Joe Biden in his Wednesday farewell speech to the nation warned that American democracy was sliding into an “oligarchy” of tech billionaires