House Majority Leader Eric Cantor listens to Speaker of the House John Boehner during a news conference after a House GOP caucus meeting at the U.S. Capitol, July 15, 2011 in Washington, DC.
/ Getty
Updated 9 a.m. ET
CBS News Poll analysis by the CBS News Polling Unit: Sarah Dutton, Jennifer De Pinto, Fred Backus and Anthony Salvanto.
Americans are unimpressed with their political leaders' handling of the debt ceiling crisis, with a new CBS News poll showing a majority disapprove of all the involved parties' conduct, but Republicans in Congress fare the worst, with just 21 percent backing their resistance to raising taxes.
President Obama earned the most generous approval ratings for his handling of the weeks-old negotiations, but still more people said they disapproved (48 percent) than approved (43 percent) of what he has done and said.
Tune into the CBS Evening News with Scott Pelley at 6:30 p.m. for the full poll results.
CBS News senior White House correspondent Bill Plante reports there was no visible progress over the weekend, despite warnings from debt rating agencies that the nation's credit rating could drop, even if there is a deal, if government spending isn't cut.
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Congressional leaders' inability to convince their own party members that concessions are necessary is likely driving the dismal approval for lawmakers involved in the testy negotiations.
Approval drops to 31 percent for the Democrats in Congress, and only 21 percent of the people surveyed said they approved of Republicans' handling of the negotiations, while 71 percent disapprove.
Even half of the Republican respondents (51 percent) voiced disapproval of how members of their own party in Congress are handling the talks. Far fewer Democrats expressed disapproval of their own party's handling (32 percent) or President Obama's (22 percent) of the urgent quest to raise the nation's debt limit ahead of a looming default on Aug. 2 if action isn't taken.
The Obama administration has pointed to the warnings from rating agencies as evidence that not raising the debt ceiling could have severe consequences for the economy, and even suggested the government might not be able to make Social Security payments if there's no agreement.
While the poll shows little confidence in the men and women doing the negotiating, there still seems to be hope that the politicians will be able to stop politicking for long enough to avert financial disaster.
Sixty-six percent of those polled said they believe an agreement will be reached before the Aug. 2 deadline, while only 31 percent say it's unlikely.
Read the complete poll (PDF)
Search the CBS News poll database
This poll was conducted among a random sample of 810 adults nationwide, interviewed by telephone July 15-17, 2011. The error due to sampling for results based on the entire sample could be plus or minus four percentage points. The error for subgroups is higher. This poll release conforms to the Standards of Disclosure of the National Council on Public Polls.
http://www.governmentisgood.com/articles.php?aid=14
http://www.post-gazette.com/stories/opinion/perspectives/paul-krugman-starve-the-beast-fiscal-calamity-is-the-gops-plan-to-shrink-government-234845/
It is fascinating to see the mainstream media, CBS included, avoid reporting on this despite the fact that the last 3 GOP presidents signed TWENTY deficit riddled budgets and saddling Pres. Obama with a $1.3T deficit! This is no accident. It couldnt be! If the GOP had NOT done both of these things, there would BE NO DEBT CRISIS!
http://zfacts.com/p/318.html
Who benefits?? Well, the GOP plan is to privatize the entitlements, funnel;ing all that money to the same people who crashed the economy! The mainstream media avoids this subject like the plague! As such, they abrogate their responsibility to inform the people of what is happening with their government! I guess that Republicans thought that their plan was so monstrous that nobody would believe it.But the evidence is very clear. Yet, despite endangering our national security,, our fiscal stability and econmic future, none DARE call it TREASON!! Just research "starve the beast"!
They Kill Every Attempt to Close Loopholes and End Corporate Welfare...during Debt 'debate', Republicans Stormed out, when it was suggested that the US End $27 Billion in annual subsidies to Oil Companies, who make $100 Billion NET Profit, in Every One of the Past 5 YEARS...
THEY have declared war on the Middle Class, Poor, Social Security, Justice...and, in the House of Representatives, have taken Sanity Hostage!!!
Please vote these Bozo's out of office.
Vote for all candidates and on all ballot questions.
Send the TeaBaggers packing in 2012!