President Biden warned of the rise of an oligarchy in his farewell address, comparing influential billionaires of today to the “robber barons” of 100 years ago. American historian H.W. Brands discusses their influence over government and the American way of life in the 19th century. Source

The snow and wind will affect more than the presidential inauguration. Lonnie Quinn has the latest on the timing of next week’s “big chill.” Source

Here’s a look at the top stories making headlines on the “CBS Evening News with Norah O’Donnell.” Source

Russian President Vladimir Putin and Iranian President Masoud Pezeshkian met in Moscow on Friday to sign a broad 20-year treaty. CBS News national security contributor Sam Vinograd breaks down how it could affect U.S. policy, and discusses President Biden’s decision to remove Cuba from the state-sponsored terrorism list. Source

In his memoir the actor writes of his father and the relationship they shared, through their final years together, when Guttenberg dedicated himself to becoming a caregiver after his dad was diagnosed with kidney failure. Source

President Biden is commuting the sentences for nearly 2,500 people convicted of non-violent drug offenses. Meanwhile, he reflected on his presidency and expressed some of his regrets. CBS News chief Washington correspondent Major Garrett reports. Source

Subsiding winds in the Los Angeles area have allowed fire crews to gain more control of the ongoing wildfires. CBS News’ Andres Gutierrez has the latest. Source

Crews in Southern California are making progress in containing the wildfires that have killed at least 27 people and destroyed more than 12,000 structures. Photographer Stuart Palley joins “America Decides” to discuss what he documented while embedded with teams of firefighters. Source

Borgonzi comes from a Kansas City organization which has shown the ability to have sustained success. He’s played a role in putting together three Super Bowl winning rosters. Source

President-elect Donald Trump has promised a massive overhaul of the U.S. immigration policy once he takes office on Monday. Some of those promises include the largest deportation operation in American history and the end of birthright citizenship. CBS News immigration and politics reporter Camilo Montoya-Galvez has the details. Source