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

Senate Majority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellTrump second-term plans remain a mystery to GOP Eighty-eight years of debt pieties Ernst says Trump should sign defense policy bill with military base renaming provision MORE (R-Ky.) warned on Tuesday of the "potentially catastrophic economic impact" if President TrumpDonald John TrumpTrump second-term plans remain a mystery to GOP Trump to hold outdoor rally in New Hampshire on Saturday Eighty-eight years of debt pieties 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 SchumerRussian bounties revive Trump-GOP foreign policy divide Public awareness campaigns will protect the public during COVID-19 Republicans fear backlash over Trump's threatened veto on Confederate names 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.