Poll: Obama's Approval Slides on Loss of Independent Support

Dinged by budget fight and Obamacare

President Barack Obama's approval fell to the lowest since the start of 2012, according to the latest IBD/TIPP poll released Monday. Independents' support fell sharply amid budget and ObamaCare setbacks and a continued sluggish economy.

The IBD/TIPP Presidential Leadership Index fell 0.9 point in May to 47.5, the second straight month below 50, signaling net disapproval.

Among independents, support fell seven points — 15% — to 39.6, Obama's second-worst reading ever for this key group. The low point was July 2011, during the debt ceiling standoff.