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.

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

President Joe Biden 's farewell address on Wednesday came with a series of warnings for the future of the country, including a rising “oligarchy taking shape” that he said threatens American democracy.

His administration would not disclose what the outgoing president planned to say in his speech. But in his final months he has been seeking to cement a legacy as a transformative president.

After four years in the White House – and a half-century in Washington – President Joe Biden has said farewell.

First lady Jill Biden expressed her disappointment with former House Speaker Nancy Pelosi in a new interview with The Washington Post, providing rare public comments about the fractured relationship between her husband, Joe Biden, and Pelosi following the president’s departure from the 2024 race.

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.

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