Treasury Department now accepting Venmo and PayPal payments from those who want to donate money to reduce U.S.'s $36.7 trillion debt - reports

Treasury Department now accepting Venmo and PayPal payments from those who want to donate money to reduce U.S.'s $36.7 trillion debt - reports

The U.S. Treasury Department has expanded its payment options for individuals seeking to contribute to the reduction of the national debt. As of recent reports, donors can now use Venmo and PayPal in addition to traditional methods such as bank accounts, PayPal accounts, and debit or credit cards [1].

The move to accept digital payment methods comes at a time when the U.S. national debt exceeds $36 trillion. The Treasury Department's "Gifts to Reduce the Public Debt" website now features a Venmo payment option, which was added sometime after February 22nd [1]. This initiative allows individuals to contribute directly to the debt reduction effort through these platforms.

Since the inception of the program in September 1998, donors have contributed over $67 million [1]. However, with the debt growing at a rate of "just under $55,000 a second," according to Axios, it is evident that individual donations alone may not be sufficient to significantly impact the debt [1].

The expansion of payment options is part of broader efforts to engage more people in the debt reduction process. As the national debt continues to rise, particularly in the wake of policies such as the passage of Trump's Big Beautiful Bill, the Treasury Department is looking for innovative ways to increase public participation [1].

References:
[1] https://www.theverge.com/news/713980/us-national-debt-treasury-department-reduce-pay-venmo
[2] https://www.fxstreet.com/cryptocurrencies/news/strategy-plans-bitcoin-treasury-boost-with-upsized-stock-offering-of-2-billion-202507250039