Biden's $1.9T Economic Rescue Package, New York City

Martin Eiden | January 8, 2021

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Biden's $1.9T Economic Rescue Package

In the wake of last week's violent coup attempt and a historic 2nd impeachment, good news is finally here. Yesterday, President-elect Joe Biden announced a $1.9 trillion economic rescue package that includes bigger stimulus checks, more aid for the unemployed, the hungry & those facing eviction, additional support for small businesses, states and local governments, & increased funding for vaccinations/testing. (Full Story)

1.9T (cont)

Because of this package, along with the Democratic sweep in the Senate (that we didn't even have time to cover), Goldman Sachs projects a 6.4% increase in GDP in 2021 and Morgan Stanley projects a 5.9%. Meanwhile an alarming 700,000-800,000 people are filing for unemployment benefits each week, a staggering 2.5x the normal rate. (Full Story)

New York City

The Moynihan Train Hall has opened its doors. Converted from the iconic James A Farley Building on 8th between 31st and 33rd, this modernized hub aims to replace Penn Station's current entrance.

• Governor Andrew Cuomo in his 2021 State of the State address yesterday laid out plans for dealing with Covid-19 and the economic fallout, including providing new safeguards for renters and owners.

Team News

Chelsea Mansion Tour

Have you ever wondered what a Manhattan mansion looks like? Well you are in luck! Last year we had the privilege and honor of listing this beautiful 7 bed 10 bath fixer upper in the heart of Chelsea. We actually sold it faster than we could produce the video, but wanted to share it with you because how could we not? Enjoy!

Watch Video

Property of the Century

See 27 Harrison

Martin Eiden Team

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Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. All Coming Soon listings in NYC are simultaneously syndicated to the REBNY RLS.

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Biden's $1.9T Economic Rescue Package, New York City

Featured Blogs

The Ultimate Guide to NYC's Best Air-Conditioned Escapes in 2025

4th of July in NYC: Where to Watch the Fireworks and Best Events to Attend, Upward Movement Despite Volatili…

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One Full Point, Slow and Steady, See The New $16.7M Pedestrian Oasis Next To Grand Central Terminal

Work With Us

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Biden's $1.9T Economic Rescue Package, New York City

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Featured Blogs

The Ultimate Guide to NYC's Best Air-Conditioned Escapes in 2025

4th of July in NYC: Where to Watch the Fireworks and Best Events to Attend, Upward Movement Despite Volatili…

US Economy Contracted Sharply To Start 2025 - Worse Than Previously Thought, Record Territory, Inflation Exp…

FARE Act, Late-Week Retreat, Where’s The Inflation From Tariffs? Just Wait, Economists Say.

DUMBO, Brooklyn: A Neighborhood That Blends Art, Tech, and Iconic Views

One Full Point, Slow and Steady, See The New $16.7M Pedestrian Oasis Next To Grand Central Terminal

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