Democrats Lead Republicans on Economy in New Poll

For the first time in nearly a decade, American voters now trust Democrats more than Republicans to manage the U.S. economy, according to a new national poll that also shows President Donald Trump's approval rating declining to 35 percent. The findings, released on August 4, signal a significant shift in voter sentiment as rising gasoline prices reshape the political landscape ahead of the November midterm elections.

The Reuters/Ipsos poll, conducted from July 29 through August 2, found 37 percent of registered voters believe the Democratic Party has a better approach to the economy, compared to 36 percent who favor Republicans. Another 27 percent said they were unsure or preferred another party. This narrow advantage marks a reversal from a longstanding trend where Republicans held the edge on economic stewardship through most of Trump's first term, all of President Joe Biden's administration, and into the early months of Trump's current term.

Concurrently, President Trump's overall approval rating fell to 35 percent, down from 37 percent in a poll conducted last month. This places his rating just one percentage point above the lowest level of his current term.