Scott Bessent, President-elect Trump's pick to lead the Treasury Department, went head to head with Sen. Bernie Sanders, I-Vt., over whether the U.S. is headed toward an oligarchy.

President Biden is warning Americans about the threat of an "ultra-wealthy" "oligarchy," but did not mention in his farewell speech the billionaires that have supported him in recent years.

U.S. President Joe Biden spoke with Pope Francis on Saturday and awarded him the Presidential Medal of Freedom with Distinction, the nation's highest civilian honor, the White House said. It ...