Republican Party's Approval At All-Time Low; Will the Debt Ceiling Be Raised?

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This probably shouldn't come as much of a surprise since Republicans are getting the bulk of the blame for the government shutdown, but the approval rating of the Republican Party is now at an all-time low.

According to a Gallup poll released on Wednesday, the Republican Party is now viewed favorably by only 28 percent of people, which is down 10 percentage points from September.

While the Republican Party has certainly seen the biggest drop-off in approval ratings over the past month, they aren't the only ones with trouble--Americans aren't viewing the Democratic Party and Barack Obama quite as favorably, either.

Obama's approval rating dipped to 37 percent and the Democrats are down four percentage points to 43 percent approval.

After refusing to pass a new budget unless Obamacare is defunded, House Republicans are hoping to negotiate a short-term debt ceiling increase--if they're successful, this might help with their approval ratings. If something doesn't give before October 17, the U.S. government won't be able to borrow any more money to pay its bills. Obama says that not raising the debt ceiling will sink the economy into a “very deep recession."

The president is reportedly willing to accept a temporary debt-ceiling increase, but only if there aren't any strings attached. House Speaker John Boehner is adamant that Obama will compromise. "There's going to be a negotiation here," Boehner said. "We can't raise the debt ceiling without doing something about what's driving it to borrow more money and live beyond our means."

While both sides are in agreement that the debt ceiling needs to be increased, it still doesn't sound like either side is willing to compromise, which is par for the course.

Images via YouTube and Gallup

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