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Free AccessBiden Experiences Highest Approval Since Oct '21 As GOP Falters In House
The approval rating of President Joe Biden continues to rise as a chaotic opening to Congress undermines the Republican party in the latest batch of surveys.
- According to both FiveThirtyEight and RealClearPolitics, Biden's aggregated approval currently stands at 44.1%. That is the highest level Biden has recorded since October 17 2021.
- Biden has had a relatively strong start to 2023, making a concerted effort to recapture the political middle ground by appearing at an event with Senate Minority Leader Mitch McConnell (R-KY) to celebrate the Bipartisan Infrastructure Law and making a trip to the US-Mexico border - pledging to address issues surrounding migration from Central and South America.
- The GOP, in contrast has had a shaky start to the year with House Speaker Kevin McCarthy (R-CA) perceived as lacking control over the conservative lawmakers within his Caucus.
- Biden's approval may take a hit in the coming weeks as the Republican party gears up for investigations into the Biden administration and alleges hypocrisy in the handling of classified government documents.
Figure 1: President Biden Approval Rating, % (FiveThirtyEight)
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.