President Joe Biden’s job approval ratings have been consistently declining since he announced last month that he would seek a second term, narrowing his path to reelection.

But new concerns over issues such as the country’s spiraling debt and political debates over raising the debt ceiling are also beginning to impact his presidency.

According to a new Reuters/Ipsos poll conducted on Monday, the majority of Americans are concerned about the debt ceiling, but they have varying opinions on how to best address the issue.

“The polls show neither Democratic President Joe Biden nor congressional Republicans hold a clear advantage in public opinion as they head into discussions on Tuesday to resolve a months-long standoff over the nation’s $31.4 trillion debt limit,” Reuters reported.

“The Treasury says it could run out of money to pay the country’s bills as soon as June 1 unless Congress increases the borrowing cap. Economists say the resulting default would roil global financial markets and plunge the U.S. into recession,” the report added.

76% of Americans, according to the survey, believe that it is crucial for the two parties to reach an agreement on the issue, expressing concern that a default would place additional financial strain on families, including their own. 84 percent of self-described Democrats and 77 percent of self-described Republicans agreed with the statement.

Only 29 percent of respondents believed that the issue was being exaggerated.

According to Reuters, Americans are divided over a solution.

In line with Biden’s position, 49% of respondents said Congress must raise the debt ceiling without conditions in order to avoid a default. Approximately 68% of Democrats and 39% of Republicans held this opinion.

However, 51% of Americans stated that the debt ceiling should not be raised without substantial expenditure cuts – the position held by the majority of House Republicans. The poll found that 69% of Republicans and 42% of Democrats held this viewpoint.

In the most recent poll from ABC News and the Washington Post, Biden trailed potential Republican nominee Donald Trump by seven points.

“It’s not because Trump is popular – he isn’t. Rather, it’s because Democrats are failing to offer an alternative that appeals to the majority of voters, who crave change and are fed up with the extremes on both sides,” says former one-term South Carolina Democratic congressman Joe Cunningham, who was defeated in 2020 by Rep. Nancy Mace (R), who also won again in 2022.

“Something must be done. Since Democrats are unable or unwilling to offer an alternative, I’m supporting an effort to secure a better choice for president in 2024 that represents the commonsense majorities in both parties. The effort, led by the organization No Labels, will secure a place on the presidential ballot in all 50 states for a unity ticket featuring a Democrat and a Republican as running mates,” Cunningham wrote in an op-ed published on Tuesday.

More on this story via Conservative Brief:

Cunningham believes that the vast majority of Americans are neither hard-left or hard-right but come down somewhere in the middle or merely lean left and right, which he believes provides his party with an opportunity. CONTINUE READING…