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Americans give record-low marks to economy, in ominous sign for Republicans

Data from the Labor Department on April 10 showed inflation soared in March, the first full month of the war the U.S. and Israel launched against Iran.

Prices for gasoline in Los Angeles, California U.S., April 2, 2026. / REUTERS/Daniel Cole/File Photo

Americans are souring on the U.S. economy to a degree never before seen, with the stiffest inflation in four years exacerbating the political risk for President Donald Trump, who some administration officials worry has lost focus on affordability problems for voters as he trains attention on the war against Iran.

Few issues resonate with U.S. voters more deeply than price increases, and the latest inflationary upswing is unsettling key insiders at the White House worried about their Republican Party's prospects in critical midterm elections less than seven months away.

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