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 TrumpDem senator says Zelensky was 'feeling the pressure' to probe Bidens 2020 Dems slam Trump decision on West Bank settlements Trump calls latest impeachment hearings 'a great day for Republicans' 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 McConnellOvernight Health Care: GOP senator says drug price action unlikely this year | House panel weighs ban on flavored e-cigs | New York sues Juul McConnell hopes Senate impeachment trial 'not too lengthy a process' Former Speaker Boehner's official portrait unveiled 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.