"Today an oligarchy is taking shape in America that literally threatens our democracy, our basic rights, our freedoms," the president said.

In his final speech from the Oval Office, President Biden urged the country to remember its roots and not surrender its values at the altar of a populist nationalism that he sees as dangerous.

President Joe Biden offered up a few surprises in his farewell address. Instead of simply summing up his term in office, he warned Wednesday about the increasing influence of the ultrawealthy, criticized disinformation on social media and called for continuing the fight against climate change.

President Joe Biden warned of a rising ultrawealthy “oligarchy” in America that poses a threat to the nation’s democracy, in a grave farewell address delivered Wednesday as he prepares to cede the White House back to Donald Trump.

For the second time in a week, the outgoing president sounded the alarm on “abuse of power” and the ongoing assault on democracy.

President Joe Biden will deliver a farewell address to the nation Wednesday night, seizing what may be his final opportunity to reshape Americans' grim views on his term

President Joe Biden bid farewell to the nation and his 50 year political career with an address warning against an oligarchy while offering optimism.

President Joe Biden eschewed reciting a litany of accomplishments in his final address as president and instead offered a warning to Americans to beware of social media, big tech, a corrupt Supreme Court and other threats he sees encroaching on democracy.

President Joe Biden capped a half-century political career on Wednesday with a final Oval Office speech as he hopes to seal a legacy overshadowed by Democrats' failure to stop Donald Trump from returning to the White House.