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McConnell warns closing the border would have 'potentially catastrophic economic impact'

Senate Majority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellTrump looms over Senate's anti-Asian hate crimes battle Appointing a credible, non-partisan Jan. 6 commission should not be difficult Why President Biden is all-in in infrastructure MORE (R-Ky.) warned on Tuesday of the "potentially catastrophic economic impact" if President TrumpDonald TrumpGraham: 'I could not disagree more' with Trump support of Afghanistan troop withdrawal GOP believes Democrats handing them winning 2022 campaign Former GOP operative installed as NSA top lawyer resigns MORE closed the southern border.

"We certainly have a crisis on the border. I think the president’s right about that. Closing down the border would have potentially catastrophic economic impact on our country, and I would hope we would not be doing that sort of thing," McConnell told reporters.

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Trump, citing what he describes as a crisis at the U.S.-Mexico border, has recently renewed his threat to close it off entirely. 

The president on Tuesday told reporters in the Oval Office that if Congress doesn't pass stricter immigration laws, he will either shutter the border or "close large sections of the border."

"If we don’t make a deal with Congress, the Mexico border’s going to be closed. 100 percent," Trump said. "Or we’re going to close large sections of the border, maybe not all of it. But it’s the only way we’re getting a response, and I’m totally ready to do it," Trump said. 

Senate Minority Leader Charles SchumerChuck Schumer'Building Back Better' requires a new approach to US science and technology Pew poll: 50 percent approve of Democrats in Congress Former state Rep. Vernon Jones launches challenge to Kemp in Georgia MORE (D-N.Y.) on Tuesday also warned of a potential "economic disaster" if Trump closes the border and predicted that "cooler heads will prevail upon the president not to do it."

"The economic disaster to the country would be huge, and my guess is that cooler heads will prevail upon the president not to do it. It would be a disaster for him and a disaster for the country," Schumer told reporters.