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

Senate Majority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellThe Hill's Morning Report - Presented by JUUL Labs - House to vote to condemn Trump tweet GOP put on the back foot by Trump's race storm Overnight Health Care — Presented by PCMA —Biden unveils health care plan | Proposal pitches subsidies, public option | Biden vows if you like your health insurance, 'you can keep it' | Sanders protests planned Philadelphia hospital closure MORE (R-Ky.) warned on Tuesday of the "potentially catastrophic economic impact" if President TrumpDonald John TrumpEsper sidesteps question on whether he aligns more with Mattis or Trump Warren embraces Thiel label: 'Good' As tensions escalate, US must intensify pressure on Iran and the IAEA 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 SchumerCharles (Chuck) Ellis SchumerNYT: Don't make Acosta a political martyr Charities say they never received donations touted by Jeffrey Epstein: report Schumer to donate Epstein campaign contributions to groups fighting sexual violence 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.