Poll: Obama approval on economy sinks to 35 percent

President Obama's approval rating on the economy sunk to 35 percent in the latest Gallup poll, despite the president's renewed focus on the issue with a series of jobs-themed trips over the summer.

The Gallup poll released Thursday shows the president's overall approval rating also continuing to drop. In the Aug. 7-11 survey, Obama was given a 44 percent approval rating -- down from 47 percent in early June.

The president fared worst on economic issues.

On the economy, his rating is down 7 points from June. His rating on the issue of taxes also fell, from 41 percent to 36 percent.

On the budget deficit, despite modest improvements this year in deficit projections, the percentage of people who approve of Obama's handling went from 31 to 26.

The president does better -- with roughly half approving of his performance -- on the issues of terrorism, race relations and education.

Obama's not alone, though, in facing the public's disappointment. The poll shows Americans' approval of Congress is a meager 14 percent.