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

"Fox News Sunday" anchor Chris WallaceChristopher (Chris) WallaceGillibrand says Fox News commentators have 'deeply distorted' issues surrounding abortion Gillibrand campaign selling 'not very polite' merchandise after spat with Fox News anchor Gillibrand spars with Fox News anchor over abortion coverage MORE jabbed both President TrumpDonald John TrumpDC board rejects Trump Hotel effort to dismiss complaint seeking removal of liquor license on basis of Trump's 'character' DC board rejects Trump Hotel effort to dismiss complaint seeking removal of liquor license on basis of Trump's 'character' Mexico's immigration chief resigns amid US pressure over migrants MORE and Speaker Nancy PelosiNancy PelosiPelosi hits Trump on health care: His 'cruel hypocrisy knows no bounds' Pelosi hits Trump on health care: His 'cruel hypocrisy knows no bounds' On The Money: DOJ offers legal opinion backing refusal to release Trump tax returns | Centrist Democrats raise concerns over minimum wage | Trump bashes Powell ahead of crucial Fed meeting | Design leaks for Harriet Tubman bill 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 SchumerUS women's soccer team reignites equal pay push Blue Dogs look to move forward on infrastructure project Democratic strategist says Republicans are turning immigration debate into 'political football' 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.