Bernie Sanders and Scott Bessent went head-to-head during the latter's Senate Confirmation Hearing about the oligarchy forming in the U.S. Sen. Sanders referenced Pres. Biden's farewell speech and asked the Treasury Secretary nominee if he agreed.

US President-elect Donald Trump's nominee for Treasury Secretary Scott Bessent was cornered by Bernie Sanders over Biden's oligarchy remark. In his farewell speech, outgoing President Joe Biden warned of an oligarchy forming at the top of American consumerism and media.