Shep Smith: Signing funding bill is a 'loss' for Trump no matter how it's packaged

Fox News host Shepard Smith said Thursday that President TrumpDonald John TrumpBusiness, ballots and battling opioids: Why the Universal Postal Union benefits the US Sanders supporters cry foul over Working Families endorsement of Warren California poll: Biden, Sanders lead Democratic field; Harris takes fifth MORE signing a bill to fund the government was a "loss" for his administration no matter how it is "packaged."

"It really didn’t matter if you put it on a machine on the Jersey shore and pulled it like taffy and twisted it and packaged it and put a bow on it and dipped it in chocolate, it's not a win,” Smith said on his Fox News program after Senate Majority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellHillary Clinton: Voter suppression has led to 'crisis in democracy' in the US New York Times authors blame Kavanaugh correction on editing error: 'There was zero intent to mislead' The Hill's Morning Report - What is Trump's next move on Iran? MORE (R-Ky.) announced that Trump would sign a spending bill.

McConnell also said Trump would declare a national emergency to fund a border wall, which is not fully funded by the bill.

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"If it walks like a loss and quacks like a loss, it’s just a loss. And the president said I don’t want a loss. He’s like 'national emergency so here we go,'" Smith added. 

A group of bipartisan lawmakers reached a deal on border security earlier this week which included $1.375 billion for roughly 55 miles of new barriers along the southern border. The agreement also included roughly $23 billion in total border security funds.

McConnell announced on Thursday from the Senate floor that Trump "indicated he's prepared to sign the bill."

"He also [will] be issuing a national emergency declaration at the same time. I indicated I'm going to support the national emergency declaration," he said. 

White House Press Secretary Sarah Huckabee Sanders confirmed the decision shortly after, saying in a statement that Trump would "take other executive action - including a national emergency - to ensure we stop the national security and humanitarian crisis at the border."

Trump has repeatedly demanded funds for a wall along the U.S.-Mexico border since his 2016 presidential campaign. His insistence that funding be included in a spending bill led to a 35-day partial government shutdown last month.

Senate Appropriations Committee Chairman Richard Shelby (R-Ala.) said he supports the national emergency action. But other lawmakers have denounced the idea.