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.

"Do you think that when so few people have so much wealth and so much economic and political power, that is an oligarchic form of society?" The post Bernie Sanders Has to Ask Three Times If Trump’s Billionaire Treasury Secretary Nominee Agrees The U.

It turns out that when President Joe Biden and Sen. Bernie Sanders call out "oligarchs" in the tech industry, they're only talking about people they don't like, not oligarchy as a whole. Sanders discovered the difference after an ugly exchange with President-elect Donald Trump's Treasury secretary nominee.