US Senate Majority Leader Says Mexico Won’t Pay for Wall

March 9, 2017 Share Print 0

Senate Majority Leader Mitch McConnellgave a surprising response on Thursday when he was asked whether Mexico would pay for President Donald Trump’s border wall during an interview with Politico.

“Do you believe that Mexico will pay for it [the border wall]?,” Politico Playbook’s Jake Sherman asked. McConnell, R-Ky., flatly responded, “Uh, no.”

McConnell said he believes that there are certain areas along the border that don’t need a border wall to secure the area.

The border wall, which is estimated will cost $21.6 billion dollars to build, has spurred a lot of controversy in the United States and Mexico.

Mexico’s President Enrique Peña Nieto has continually refuted Trump’s claims that Mexico will pay for it, however Trump has refused to back off that claim.

via CNBC

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.