That’s the percentage of Americans who say they have a “great deal” or “quite a lot” of confidence in U.S. banks — a record low, according to a Gallup survey taken June 7-10.
The polling group has asked respondents for their opinions about institutions, including banks and the U.S. Congress, since 1973 — and annually since 1993. The percentage who said they were confident in banks dipped from 23 percent in 2010 and 2011 and from the previous record low of 22 percent in 2009, in the aftermath of the financial crisis.
Here’s a look at some Bloomberg stories today about the November election and the economy.
WALL STREET MONEY: While the Gallup poll underscores the public’s low regard for Wall Street, the securities and investment industry is a major source of campaign funds for the presidential candidates. Republican Mitt Romney, a former private-equity executive, has raised more than $9.4 million from the industry, compared with about $3.4 million for President Barack Obama, who has said that Romney’s policies would enrich wealthy business executives like him.
HEALTH-CARE RULING: With the U.S. Supreme Court set to rule tomorrow on the constitutionality of Obama’s 2010 health-care law, the Patient Protection and Affordable Care Act, Romney will seek to claim victory regardless of what a majority of the justices say, Julie Davis writes.
PRIMARY VOTE: New York Democrat Charles Rangel and Utah Republican Orrin Hatch, two of Congress’s longest-serving members, won primary elections yesterday and are overwhelmingly favored to win new terms in November in the House and Senate respectively. Representative John Sullivan, an Oklahoma Republican, was defeated for renomination.