When he delivered his farewell address to Americans on Wednesday night, President Biden warned that too much power was being concentrated in the hands of a small group of uber-rich people. And just as President Eisenhower famously warned of a "military industrial complex" and the "potential for the disastrous rise of misplaced power" in his

Borrowing from Dwight Eisenhower, he warned of an ascendant “tech-industrial complex,” and that “an oligarchy is taking shape in America of extreme wealth, power, and influence that really threatens our entire democracy,

Joe Biden, who will be replaced by Donald Trump in five days, defended his legacy and the importance of American democracy in an Oval Office address

This is the introduction to Checks and Balance, a weekly, subscriber-only newsletter bringing exclusive insight from our correspondents in America.

The high concentration of wealth seated in the front row of the Presidential Inauguration has caused concern, the concern being that an oligarchy is forming within ... goes on to reference former President Dwight Eisenhower's own farewell address.

From the White House he will soon cede to Trump, Biden likens the current crop of tech moguls to the “robber barons” of the 19th century.

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.

In his own farewell address, President Joe Biden gave that concentration a grim label. An “oligarchy” of “extreme wealth, power, and influence,” Biden intoned, now “literally threatens our entire democracy, our basic rights and freedoms, and a fair shot for everyone to get ahead.”

President Joe Biden on Wednesday warned that an “oligarchy” of the ultrawealthy was emerging in America, sounding the alarm about unchecked power as he gave a farewell speech to the nation just days before he surrenders office to a man he disdains.

In his farewell remarks as U.S. President, Joe Biden warned that an oligarchy was taking shape and threatening American democracy. Similar to Dwight Eisenhower’s cautionary warning in 1961 about ...

WASHINGTON (AP) — President Joe Biden used his farewell address to the nation Wednesday to deliver stark warnings about an “oligarchy ... Invoking President Dwight Eisenhower’s warnings ...

While the world’s richest tech executives see advantages in allegiance to the new president, the person best positioned to reap financial rewards is Donald Trump himself.