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19h ago

Poll Shows Democrats Now Favored on Economy as Trump Approval Falls

Rising gasoline prices tied to U.S.-Israeli strikes in Iran have strained household budgets, signaling possible changes to midterm dynamics.

U.S. President Donald Trump delivers remarks on the economy, at the General Motors Proving Ground in Milford, Michigan, U.S. July 27, 2026. REUTERS/Carlos Osorio
U.S. President Donald Trump dances, as he delivers remarks on the economy, at the General Motors Proving Ground in Milford, Michigan, U.S. July 27, 2026. REUTERS/Carlos Osorio
U.S. President Donald Trump answers questions from the media after signing an executive order establishing the President's Military Spouse Commission to be chaired by Jennifer Rauchet, wife of Secretary of Defense Pete Hegseth, in the Oval Office at the White House in Washington, D.C., U.S., August 3, 2026.

Overview

  • A Reuters/Ipsos online survey of 4,505 U.S. adults found Americans now pick Democrats over Republicans as better economic stewards for the first time in nearly a decade and showed President Trump’s approval at 35 percent.
  • The poll, conducted July 30–Aug. 3, reported 42 percent of registered voters would back a Democrat for Congress and 37 percent a Republican, with independents favoring Democrats by 12 points and a margin of error of ±2 percentage points.
  • Analysts link the shift in economic perception to a more than 25 percent rise in gasoline prices since February, which has raised the average pump cost by over one dollar per gallon and squeezed household budgets.
  • President Trump dismissed the poll on Truth Social before its release, calling mainstream polling 'made up' and promoting his own 'REAL Polling Numbers.'
  • Despite the national tilt, experts warn seat-level outcomes could differ because Democratic voters are geographically concentrated and redistricting plus the small number of competitive House and Senate seats may limit actual Democratic gains.