Story perspectives

Trump 34% Approval, Economy Worsens, GOP House Risk

6/10/2026

Summary

Trump Approval Plummets

U.S. President Donald Trump's approval fell to 34% citing a worsening economy.
A Reuters/Ipsos poll shows almost two-thirds say the economy is worsening, 73% disapprove his handling of living costs, and 67% blame him and Republicans.
The New York Federal Reserve survey found 48% say their finances worsened in May and inflation is projected at an annual 4.2%.
Republicans hold a House majority and risk losses as economic headwinds bite.

Summary

Trump Bans Wall-Street

U.S. President Donald Trump issued an executive order barring Wall Street firms from buying single-family homes.
White House spokesman Davis Ingle said the order and a directive for Fannie Mae and Freddie Mac to buy $200 billion in securities to lower rates and speed housing construction.
An Edward Jones and Gallup survey found about one-third of Americans financially stressed, with a Marist poll showing 70 percent say local cost of living is unaffordable.

History

Historical Context

After the 2008 collapse of Lehman Brothers, Treasury Secretary Henry Paulson and President George W. Bush secured the Emergency Economic Stabilization Act, creating the $700 billion Troubled Asset Relief Program to buy toxic mortgage-backed securities. In 2024, President Donald Trump issued an executive order prohibiting Wall Street firms from purchasing single-family homes, extending federal attempts to curb speculative lending.

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Trump Approval Plummets

U.S. President Donald Trump's approval fell to 34% citing a worsening economy.
A Reuters/Ipsos poll shows almost two-thirds say the economy is worsening, 73% disapprove his handling of living costs, and 67% blame him and Republicans.
The New York Federal Reserve survey found 48% say their finances worsened in May and inflation is projected at an annual 4.2%.
Republicans hold a House majority and risk losses as economic headwinds bite.

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