(CNBC) — Democrats don't have a lot of good news to hold onto when it comes to the upcoming midterm elections. Recent forecasts suggest there is at least a 60 percent chance the GOP will pick up the six seats it needs to take the Senate. Republicans are almost certain to gain seats in the House.
And President Barack Obama's approval ratings continue to hit new lows with a survey over the weekend, showing just 42 percent of voters think he can manage the government effectively.
The recent run of global crises from Ukraine to Gaza to Iraq has also dented Obama's standing. And midterm elections are almost always referendums on the party controlling the White House.
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