Chris Wallace on Trump-Pelosi feud: 'Neither of them look good'

"Fox News Sunday" anchor Chris WallaceChristopher (Chris) WallaceImpeachment puts spotlight on Georgia Republican eyeing Senate Fox's Cavuto reads mean letters urging him to stay away after Trump criticism Trump gives shoutout to Doug Collins ahead of next phase of impeachment hearings MORE jabbed both President TrumpDonald John TrumpStates slashed 4,400 environmental agency jobs in past decade: study Biden hammers Trump over video of world leaders mocking him Iran building hidden arsenal of short-range ballistic missiles in Iraq: report MORE and Speaker Nancy PelosiNancy PelosiTrump's legal team huddles with Senate Republicans On The Money: Falling impeachment support raises pressure for Dems on trade | Trump escalates fight over tech tax | Biden eyes minimum tax for corporations | Fed's top regulator under pressure over Dodd-Frank rules Overnight Health Care — Presented by Johnson & Johnson — Virginia moves to suspend Medicaid work rules | Powerful House panel sets 'Medicare for All' hearing | Hospitals sue over Trump price rule | FDA official grilled on vaping policy MORE (D-Calif.), saying Friday that "nobody is a winner" in the personal spat between the two.

The veteran newsman pointed to big-ticket items such as fixing the nation's infrastructure that he says aren't being addressed as a result of the volatile back-and-forth.

"Nobody is a winner here. Neither of them look good," Wallace told "America's Newsroom" on Friday. 

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"In this point between Pelosi and Trump, there are no winners," he added. "And we, all on the sidelines, while it's entertaining, it isn't very good for the country."

On Wednesday, Trump walked out of a meeting with Pelosi and Senate Minority Leader Charles SchumerCharles (Chuck) Ellis SchumerOvernight Health Care — Presented by Johnson & Johnson — Democrats call on Supreme Court to block Louisiana abortion law | Michigan governor seeks to pause Medicaid work requirements | New front in fight over Medicaid block grants House, Senate Democrats call on Supreme Court to block Louisiana abortion law Why a second Trump term and a Democratic Congress could be a nightmare scenario for the GOP MORE (D-N.Y.) not long after Pelosi told reporters that members of her party believe the president is engaged in a “cover-up” by refusing to cooperate with Democratic-led investigations.

The Democratic leader also urged members of Trump's family to stage "an intervention" while saying she was personally "praying" for the president. 

Trump fired back at Pelosi, nicknaming her "Crazy Nancy" and declaring she had “lost it." He threatened not to cooperate with Democrats on their legislative agenda unless they shut down the investigations into his finances and conduct in office.

Wallace warned that while the war of words between the Speaker and the president continues, big issues including infrastructure and funding the government will not be addressed. 

"There are a lot of things that have to get done in the course of this year, let alone 2020 and the campaign," Wallace said. "They have to figure out how to fund the government by Oct. 1. They have to raise the debt limit or the country goes into default."

Congress began departing for its Memorial Day recess on Thursday.