Trump economic approval sinks as CNBC poll signals rising midterm risk for Republicans
Voter concern about the U.S. economy is deepening as the congressional midterm election nears, adding pressure on Republican candidates. The latest survey shows President Donald Trump's economic approval at a record low and a growing preference among voters for Democratic control of Congress.
Highlights
- Trump's economic approval rating drops to an all-time low as 65% of Americans disapprove, according to the CNBC All-America Economic Survey of 1,000 voters.
- Democrats lead preference for congressional control by 52% to 45%, with a three-point gain over Republicans since July, less than two weeks before the Nov. 3 midterm election.
- Republican economic pessimism rises to a record 35%, while 72% of Democrats report high election interest versus 62% of Republicans, deepening midterm risks for the GOP.
Poll findings sharpen election pressure
As reported by CNBC, the latest CNBC All-America Economic Survey finds that 65% of Americans disapprove of Trump's handling of the economy, marking an all-time low for his economic approval rating. The survey of 1,000 registered voters also shows Americans prefer Democratic control of Congress by a 52% to 45% margin, a three-point gain for Democrats from the July survey.With less than two weeks before the Nov. 3 midterm election, voters are nearly as gloomy about the economy as they were when the country was emerging from the pandemic. Eight in 10 Americans rate the economy as fair or poor, the highest share since December 2023, underscoring the difficult backdrop facing Republican candidates.
Economic pessimism spreads across parties
Negative views of the economy remain strongest among Democrats and independents, but the poll indicates that Republican sentiment is also worsening. Overall, 63% of the public says it is pessimistic about current economic conditions and the outlook, up one percentage point from the July survey.That total now includes 35% of Republicans, up six points from July and the highest level of Republican pessimism recorded in either of Trump's two terms. The poll also shows higher engagement among Democratic voters, with 72% saying they are highly interested in the election, compared with 62% of Republicans, while most respondents say Democrats would do a better job on corruption, food and gas costs, and management of the economy.
Our earlier article on Republicans ramping up midterm advertising spending detailed how the GOP poured hundreds of millions of dollars into Senate and House races as polling tightened, including in states once considered safely red. We noted that high fuel prices and broader cost-of-living pressures were weighing on voters and complicating the party’s path, forcing strategic reallocations of campaign resources in the final stretch.
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