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In final address, Biden warns of rise of tech industrial complex while outlining threats, challenges
President Biden delivered his fifth and final address from the Oval Office five days before the end of his single term in office.
"Today, an oligarchy is taking shape in America of extreme wealth, power and influence that literally threatens our entire democracy, our basic rights and freedoms and a fair shot for everyone to get ahead," Mr. Biden said. Mr. Biden delivered his fifth and final formal Oval Office address five days before he'll pass the mantle of the presidency to the man who is both his predecessor and successor, President-elect Donald Trump. On the foreign policy front, the president said his administration "strengthened" NATO, noted Ukraine remains free and said the U.S. has pulled ahead in its competition with China.
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