President Biden warns of an 'oligarchy' of wealth and power threatening US democracy

Without naming president-elect Donald Trump, Mr Biden said: "Today, an oligarchy is taking shape in America of extreme wealth, power and influence that really threatens our entire democracy, our basic rights and freedom and a fair shot for everyone to get ahead."

Thursday 16 January 2025 06:38, UK

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President Joe Biden has warned of a "dangerous concentration of power" among a few wealthy people in the United States in his farewell address to the nation.
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