"Today, an oligarchy is taking shape in America of extreme wealth, power, and influence that literally threatens our entire democracy," the president said.

The last time Joe Biden packed up and left office, he took with him tens of thousands of papers from his decades in public service.

President Joe Biden will commute the sentences of nearly 2,500 non-violent drug offenders whose sentences were longer than they’d receive under current standards, the White House said in a statement on Friday.