President Obama's approval rating drops, according to an NBC/Wall Street Journal Poll

The percentage of Americans who approve of President Obama’s handling of foreign policy has dropped to the lowest level of his presidency.

An NBC News/Wall Street Journal poll shows just 37 percent of Americans polled approve while an all-time high of 57 percent disapprove of Obama’s foreign policy oversight.

And the poll was conducted mostly before the militant Sunni surge in Iraq.

The president's overall approval rating is 41 percent...tied for an all-time low in the survey.

And 54 percent say the president "cannot lead and get the job done" for the remainder of his presidency (42 percent say he can).

Americans are equally divided - at 50 percent apiece - on whether the Obama administration is competent to manage the federal government.

That's lower than when the same question was asked about president George W Bush after Katrina and the increased violence in Iraq (Bush had 53% competence approval rating).

 But Americans aren't tossing too many compliments toward Congress.

Only 32 percent say their member of Congress deserves to be re-elected.

And just 29 percent of respondents have a favorable view of the Republican Party, versus 45 percent with a negative view (Democrats have 38% positive rating, 40% negative).

The NBC/WSJ poll was conducted June 11-15 of 1,000 adults (including 337 reached by cell phone), and it has an overall margin of error of plus-minus 3.1 percentage points.