[28 / 1 / 1]
https://www.newsweek.com/venmo-government-national-debt-2103371
The federal government will accept Venmo payments from citizens who want to help pay off the national debt.
The Treasury has begun accepting Venmo transactions as contributions toward the national debt, which currently stands at $36 trillion.
Newsweek contacted the Treasury for more information on the decision via email.
The United States national debt surpassed $34 trillion in 2024, raising ongoing questions about deficit spending and fiscal policy. Amid these concerns, the U.S. Treasury has expanded citizens' options for making voluntary payments to reduce the public debt—including digital payment methods such as Venmo.
This adaptation signals a shift toward digital-first government services and highlights efforts to engage younger, tech-savvy Americans in public finance, a group that the second Trump administration is keen to appeal to.
The Bureau of the Fiscal Service, part of the U.S. Department of the Treasury, allows individuals to make voluntary contributions to help reduce the public debt.
Gifts can be made via U.S. government platforms such as Pay.gov, with payments accepted in the form of money, outstanding government obligations, or other intangible personal property, according to TreasuryDirect.gov.
After discussions in May, citizens can also now use modern digital payment tools including PayPal and Venmo to facilitate these transactions alongside more traditional methods such as credit cards or direct transfers.
To contribute, individuals can visit the Pay.gov portal and select their payment method. On Pay.gov, users can fill out the required forms and submit donations using Venmo, enabling real-time payments from their mobile devices.
The Treasury's monthly reports indicate that such gifts remain modest in scale; in fiscal year 2022, Americans contributed a total of $180,310.32 in voluntary donations toward reducing the national debt.
The federal government will accept Venmo payments from citizens who want to help pay off the national debt.
The Treasury has begun accepting Venmo transactions as contributions toward the national debt, which currently stands at $36 trillion.
Newsweek contacted the Treasury for more information on the decision via email.
The United States national debt surpassed $34 trillion in 2024, raising ongoing questions about deficit spending and fiscal policy. Amid these concerns, the U.S. Treasury has expanded citizens' options for making voluntary payments to reduce the public debt—including digital payment methods such as Venmo.
This adaptation signals a shift toward digital-first government services and highlights efforts to engage younger, tech-savvy Americans in public finance, a group that the second Trump administration is keen to appeal to.
The Bureau of the Fiscal Service, part of the U.S. Department of the Treasury, allows individuals to make voluntary contributions to help reduce the public debt.
Gifts can be made via U.S. government platforms such as Pay.gov, with payments accepted in the form of money, outstanding government obligations, or other intangible personal property, according to TreasuryDirect.gov.
After discussions in May, citizens can also now use modern digital payment tools including PayPal and Venmo to facilitate these transactions alongside more traditional methods such as credit cards or direct transfers.
To contribute, individuals can visit the Pay.gov portal and select their payment method. On Pay.gov, users can fill out the required forms and submit donations using Venmo, enabling real-time payments from their mobile devices.
The Treasury's monthly reports indicate that such gifts remain modest in scale; in fiscal year 2022, Americans contributed a total of $180,310.32 in voluntary donations toward reducing the national debt.
