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Photo: Mark Wilson/Getty Images

Two polls released Monday (from Quinnipiac University and CNN/SSRS) put President Trump's approval rating below 40%, despite Americans' satisfaction with strong economic growth.

Why it matters: Voters seem certain the U.S. economy is strong, but as the midterm elections approach, "a majority of voters either do not associate [the economy] with Trump, the Republican Party's leading figure, or disapprove of the president for other reasons," per CNBC. And while November is still weeks away, these figures should serve as a red flag to the administration.

Key findings:

Quinnipiac University poll:

  • Trump's approval dropped to 38%, down from 41% last month.
  • 70% of those surveyed said the economy is "good" or "excellent."
  • Respondents gave Trump the lowest rating for honesty since he entered office — 32%.
  • When asked if Trump is intelligent, 51% said yes, a new low.

CNN/SSRS poll:

  • Respondents rated Trump's approval at 36%, down from 42% last month.
  • The drop in approval ratings was the most significant among independent voters: 31%, down from 47%.
  • 32% say they see the president as honest and trustworthy — down six percentage points since March.
  • Only 36% said Trump "cares about people like you" — another new low.

Go deeper

Updated 47 mins ago - Politics & Policy

National Guard chief: Pentagon's "unusual" Jan. 6 restrictions led to 3-hour delay

William Walker, commanding general of the D.C. National Guard, testified Wednesday that a three-hour delay in approval for National Guard assistance during the Jan. 6 Capitol attack was exacerbated by "unusual" restrictions on his authorities by Pentagon leadership.

Why it matters: Walker testified that if Army Secretary Ryan McCarthy had not prohibited him in a Jan. 5 memo from using the National Guard's "Quick Reaction Force" without authorization, he would have "immediately" sent troops to the Capitol after receiving a "frantic call" from then-Capitol Police Chief Steven Sund.

1 hour ago - World

U.S.-Iran nuclear diplomacy is going nowhere fast

Illustration: Annelise Capossela/Axios

Iran's cool response to the Biden administration's push for diplomatic engagement, along with rising tensions in the region, makes clear that salvaging the 2015 nuclear deal may be far more difficult than many had anticipated.

The state of play: Both the U.S. and Iran have entered the diplomatic dance, but it seems to be moving in circles.

Venture capital firm Indie.vc is shutting down

Illustration: Sarah Grillo/Axios

Indie.vc, an effort launched six years ago to invest small amounts in bootstrapped businesses, announced on Tuesday that it’s winding down.

Why it matters: Venture capital, despite being the money of innovation, is rarely innovative itself. Indie.vc was an effort to break out of the tedium, so its failure is de facto disappointing.