Politics

"Let's do that" – GOP congressman requires measures to alleviate coronavirus

Republican MP Tom Reed on Thursday urged leaders in Washington to find a compromise on coronavirus control legislation.

"I think there is a need in all spectrums, not just certain industries like restaurants and live venues, movies, what have you got, airlines and others," said Reed, who represents much of western and central New York State, which also includes Ithaca on CNBC's "The Exchange".

"But you're also looking at small businesses. You're looking at people who have lost their jobs," added Reed, who co-chairs the Problem Solvers Caucus with New Jersey Democratic MP Josh Gottheimer.

The non-partisan group released a roughly $ 1.5 trillion aid proposal in mid-September, which was rejected by House Speaker Nancy Pelosi, D-Calif., Who advocates a larger stimulus package.

Pelosi was negotiating with Treasury Secretary Steven Mnuchin this week, trying to reach an agreement on laws that could pass both the Democratic-run House and the GOP-run Senate.

Pelosi and Mnuchin spoke on Thursday afternoon and plan to speak again later to find a compromise on the cost of a potential package and other open issues, according to Pelosi's spokesman Drew Hammill. However, Hammill said "the distance in key areas remains."

The House can also vote on the Democrats' $ 2.2 trillion stimulus package on Thursday. Senate Majority Leader Mitch McConnell, R-Ky., Rejects the bill.

It's been about two months since many of the key provisions of previous coronavirus relief agreements expired, despite President Donald Trump's taking some executive action in August to offer assistance, especially to those receiving unemployment benefits.

The coronavirus continues to spread across the U.S., and despite some signs of economic improvement, Federal Reserve Chairman Jerome Powell has argued that additional tax aid is needed to support the recovery.

Reed, who was first elected to the House of Representatives in 2010, said it needed to be more urgent to reach an agreement, especially since the November 3rd presidential election is now a little more than 30 days away. He was not confident that an agreement could be reached after the election. The president signed a bill to keep government funding until December 11th on Thursday.

"We have to get through this cliff because, in my humble opinion, we won't get a deal on December 11th, because the post-election chaos will still be there and the hostility between the two sides will continue." To be bigger then than it is now, "said Reed.

"Now is the time to get the deal done and we are just encouraging our leadership, as well as the Senate people, let's get this done," he added. "We don't know what's going to happen and we're not counting on you to bring relief to the American people after the elections because I don't see it."

– CNBC's Jacob Pramuk contributed to this report.

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