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

Biden conveyed his deep appreciation for first lady Jill Biden, who joined him in the Oval Office. “My deepest appreciation to our amazing first lady with me in the Oval today, for our entire family, you’re the love of my life and the lives of my love,” he said. “My eternal thanks to you, the American people.”

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

Ahead of President-elect Donald Trump’s inauguration less than a week away, President Joe Biden is set to give his farewell address on Wednesday evening. The speech is expected to focus on his administration's achievements.

President Joe Biden bid goodbye to Americans in a farewell address in which he also warned of serious dangers that threaten democracy.

With only days left in the White House, President Joe Biden was saving a few surprises for his farewell address Wednesday evening. Instead of simply summing up his term in office, he used the opportunity to issue dire warnings about the future and call for deep changes to the country’s foundational document.

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

The president will deliver his final remarks from the Oval Office. In the past, President Barack Obama went to his home in Chicago for his farewell speech. George W. Bush spoke from the East Room. Bill Clinton spoke from the Oval Office.