According to a new CNBC/All-America Economic survey, President Joe Biden's approval ratings have improved 10 points since July, but Republicans are in control of Congress.

President Biden Delivers Remarks On The Bipartisan Infrastructure Law

President Joe Biden listens during an event on the Bipartisanship. The Bipartisan Infrastructure Law grant award recipients had a virtual discussion with the president. The photo was taken by Alex Wong.

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The economic approval rating of Biden went from 30% in July to 40% in a survey released Wednesday.

According to the survey of 800 voters conducted October 13-16 by Democratic polling firm Hart Research and Republican pollsters Public Opinion, just 16% of respondents think the state of the economy is excellent or good.

Republicans hold a two point advantage in wresting control of Congress, with 50% of voters saying they prefer the GOP and 42% saying they prefer Democrats.

More than half of voters disapprove of Biden's job performance and more than half disapprove of his handling of the economy.

When asked about six economic issues, voters said they had more confidence in a Republican-controlled Congress to handle them than they did in a Democratic one.

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A quarter of it. CNBC/All-America had an economic approval rating for Independent voters.

Tangent

Republican congressional candidates are linking their Democratic opponents to Biden's low approval ratings. Biden has largely avoided battleground states this campaign season, including Georgia, Nevada and Ohio, and has instead focused his efforts on boosting his record on issues, including infrastructure improvements and student debt relief. He is going to Pittsburgh on Thursday to campaign with John Fetterman, who is running for the Senate.

Biden Breaks Tradition of Big Campaign Rallies.

Gas prices will fall for seven days as the White House considers selling emergency reserves.

Republicans are gaining ground with voters due to economic concerns.