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Biden takes aim at oligarchs and extreme wealth in farewell address

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Biden takes aim at oligarchs and extreme wealth in farewell address

US President Joe Biden said ‘powerful forces’ threatened to undo his climate policies as Trump prepares to take office.

United States President Joe Biden has used his final formal address as president to warn of the dangers of “oligarchy” and “extreme wealth” to democracy, as President-elect Donald Trump prepares to begin his second term with an administration stacked with billionaires.

“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,” Biden said in the televised address from the Oval Office in the White House on Wednesday night.

Biden’s speech comes five days before Trump’s inauguration on January 20 and mere hours after Israel and Hamas announced they had agreed to a ceasefire in Gaza, an outcome that appeared to evade the Biden administration for months despite widespread opposition to the war among many Americans.

In his speech, Biden warned of “a dangerous concentration of power in the hands of a few ultra-wealthy people” and “dangerous consequences if their abuse of power is left unchecked”.

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President-elect Trump’s incoming administration has at least 11 billionaires holding official positions, according to the Democratic Party. They include the world’s richest man, billionaire Elon Musk, who Trump has said will co-lead the so-called Department of Government Efficiency.

Biden also warned that “powerful forces” threatened to undo his climate achievements, as unprecedented wildfires burn in Los Angeles, the second-largest city in the US.

Biden began his speech by briefly referring to the newly announced ceasefire deal between Israel and Hamas in the Gaza Strip, which Israeli Prime Minister Benjamin Netanyahu has partly attributed to Trump.

“After eight months of nonstop negotiation by my administration, a ceasefire and a hostage deal has been reached by Israel and Hamas,” Biden said.

Biden added that while his team had negotiated the deal, he had told them to keep the “incoming administration fully informed” since it would be “largely implemented” by them.

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While claiming the ceasefire as an achievement of his presidency, many voters in the 2024 presidential elections said they were unable to support the Democratic Party due to Biden’s dogged support for Israel’s war on the Gaza Strip.

Biden, 82, dropped out of contention for a second term in office after voters and his own party raised concerns over this performance in the first presidential election debate against then-Republican candidate Donald Trump, with Biden’s vice president, Kamala Harris, going on to contest the presidency and then losing to Trump.

Biden has used his final days in office to introduce a sweeping ban on offshore oil and natural gas drilling covering more than 625 million acres (253 million hectares) including the “entire US East Coast, the eastern Gulf of Mexico” and parts of the “Northern Bering Sea in Alaska”.

This has been seen as an apparent move to preempt Trump’s promise to “drill, baby drill” for oil “on day one” of his second term.

Biden said in his farewell address that “it will take time to feel the impact of all we’ve done together, but the seeds are planted, and they’ll grow, and they’ll bloom for decades to come”.

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Keith Kellogg tells Iranian dissidents the ‘window is open’ to force regime change in Tehran

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Keith Kellogg tells Iranian dissidents the ‘window is open’ to force regime change in Tehran

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As the Trump administration pushes forward with a new Iran deal, retired Lt. Gen. Keith Kellogg told a Paris gathering of the National Council of Resistance of Iran — an exiled Iranian opposition coalition aligned with the People’s Mujahedin Organization of Iran (MEK) — that Tehran’s rulers are weaker than they have been in decades and urged dissidents to seize what he described as a historic opening.

“The window is open wider than at any moment in a generation, and windows do not stay open forever,” Kellogg said at the two-day event. “The theocratic regime in Tehran will not leave voluntarily. You must force it. The hope is here. Now must come the action.”

Kellogg, a retired U.S. Army lieutenant general and former U.S. special envoy for Ukraine, framed any disarmament agreement not as an endpoint, but as “the first step of something far larger,” saying it should become the foundation for Iran’s future without the current regime.

POMPEO SAYS IRANIAN REGIME HAS ARRIVED AT ‘NATURAL TERMINUS’: ‘LET’S NOT WASTE THIS HISTORIC OPPORTUNITY’

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Retired Lt. Gen. Keith Kellogg speaks at the National Council of Resistance of Iran’s two-day conference in Paris, where he urged Iranian opposition supporters to seize what he called a historic opening against Tehran’s regime. (Mousa Mohebbi)

Maryam Rajavi, the NCRI’s president-elect, used her remarks at the conference to argue that neither war nor negotiations had solved the threat posed by Tehran’s rulers. “A peaceful, non-nuclear Iran is possible only through the overthrow of this regime by the Iranian people and their organized Resistance,” Rajavi said, adding that any international agreement to end the war should include an end to executions of political prisoners and the killing of protesters.

Kellogg also invoked the NCRI’s 2002 disclosure of Iran’s Natanz and Arak nuclear sites, saying the group should play a role in pushing for strict verification of any agreement. “When I say trust, but verify, understand that verification is not an abstraction to this Council. It is your legacy,” he said. “You must be the conscience that ensures every barrel of uranium leaves, every centrifuge stops, and every promise on that page becomes a fact on the ground.”

The remarks came as NCRI organizers had expected tens of thousands of Iranian expatriates from North America and Europe to attend two days of events in Paris. French authorities banned a planned outdoor rally, citing security threats. A French court later upheld the ban, pointing to specific intelligence about alleged bomb threats and risks of violence involving rival Iranian opposition factions, including possible threats from Iranian regime-linked actors or monarchist groups.

FRANCE CONDEMNS IRAN PROTEST CRACKDOWN, WEIGHS SATELLITE INTERNET AID AMID BLACKOUT

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Maryam Rajavi, president-elect of the National Council of Resistance of Iran, speaks at the NCRI’s two-day conference in Paris, where she called for a democratic republic in Iran and said any international agreement should include an end to executions of political prisoners. June 21, 2026. (Mousa Mohebbi)

The NCRI’s main member organization is the MEK, which was previously listed as a terrorist organization by the U.S., U.K. and European Union before being delisted in 2012. The group is a major thorn in the side of the Tehran regime and has been the target of alleged Iranian plots in the U.S. and Europe, including a foiled 2018 bomb plot against the group’s rally outside Paris.

Despite the ban, demonstrators gathered at the site on Saturday. Police ordered the crowd to disperse and arrested around 20 people, a police source told AFP.

Ali Safavi, a member of the NCRI’s Foreign Affairs Committee, told Fox News Digital that the French decision amounted to “an unjustifiable act of capitulation,” arguing that Paris should have protected the rally rather than banning it, “Rather than yielding to intimidation, France should have defended the fundamental democratic right to peaceful assembly.”

Former British Prime Minister Boris Johnson also criticized the French ban, calling it a “tragic mistake” and saying Western capitals must allow Iranian opposition voices to be heard.

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IRAN GOES DARK AS REGIME UNLEASHES FORCE, CYBER TOOLS TO CRUSH PROTESTS

Supporters of the National Council of Resistance of Iran gather in Paris on June 20, 2026, after French authorities banned an outdoor rally against repression and executions in Iran. Police ordered demonstrators to disperse and arrested around 20 people, according to AFP. (National Council of Resistance of Iran)

“If the voices of freedom are to be heard in Iran, then we in the West must allow those voices of freedom to be heard in our capitals and around the world,” Johnson said during his speech.

Former Ukrainian Foreign Minister Dmytro Kuleba also addressed the event Saturday, linking Ukraine’s struggle against Russia to the Iranian opposition’s fight against Tehran. Kuleba said Ukrainians had wanted to join the rally and were “appalled” by the French ban, adding, “The people of Ukraine stand by those who defend democracy, freedom, liberty in their lands.”

He also pointed to Iran’s support for Russia’s war effort, saying that while Russian ballistic missiles were targeting Kyiv, drones using technology “provided to Russia by the current regime in Iran” were also striking Ukraine.

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Supporters of the National Council of Resistance of Iran gather in Paris after French authorities banned a rally against repression and executions in Iran, June 20, 2026. (National Council of Resistance of Iran)

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“Like you, I know very well what it means to be attacked and killed and destroyed by the regime that currently holds its grip over the people of Iran,” Kuleba said.

The French government did not immediately respond to a Fox News Digital request for comment.

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Lebanon Latest: Israeli attacks surge despite ceasefire efforts

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Lebanon Latest: Israeli attacks surge despite ceasefire efforts

Al Jazeera’s Robert McBride brings you the latest from southern Lebanon as Israeli attacks intensify amid ongoing diplomatic efforts.

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Video: First Round of U.S.-Iran Talks End, Mediators Say

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Video: First Round of U.S.-Iran Talks End, Mediators Say

new video loaded: First Round of U.S.-Iran Talks End, Mediators Say

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First Round of U.S.-Iran Talks End, Mediators Say

The first round of negotiations between Washington and Tehran in Switzerland ended with a “roadmap” to reach a final deal within 60 days, Pakistani and Qatari mediators said.

Can we turn over a new leaf? Can we change relations in the Middle East permanently? Or, do we go back to doing things the old way, which is not our preference, but is certainly very much something that can happen. Thank you all for being here.

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The first round of negotiations between Washington and Tehran in Switzerland ended with a “roadmap” to reach a final deal within 60 days, Pakistani and Qatari mediators said.

By Jiwoong Hong

June 22, 2026

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