US Treasury Department Adds Venmo Option to Solicit Public Donations for Staggering $39 Trillion National Debt Burden
6 Articles
6 Articles
US Treasury Department Adds Venmo Option to Solicit Public Donations for Staggering $39 Trillion National Debt Burden
The US Treasury has added Venmo and PayPal to its decades-old public debt donation programme. The update appeared on Pay.gov, the federal government's official payments portal, and sparked viral attention after a post on X highlighting the option drew millions of views. The 'Gifts to Reduce the Public Debt' programme has operated since the 1960s under federal statute, accepting contributions from citizens who wish to reduce a debt now totalling …
US Government is collecting donations to help pay off its $39 trillion debt
The U.S. national debt has been a hot topic for decades, and despite much vitriol in the conversation and the introduction of the ‘debt ceiling’ in 1917, the overall burden has only been going up every year and under every administration since 2002. U.S. Federal debt chart between 1966 and 2025. Source: FRED As part of its efforts to reduce the total amount – an amount that, at press time on April 27, stands above $39 trillion – the Treasury has…
US Treasury Expands Payment Options for Voluntary Gifts to Reduce Public Debt
The US Department of the Treasury has added PayPal and Venmo as accepted payment methods for its long-running "Gifts to Reduce the Public Debt" program, which allows individuals to make voluntary contributions specifically earmarked for paying down the national debt. The update, available through the official Pay.gov platform, comes as the gross national debt has surpassed $39 trillion.The program, authorized under 31 U.S.C. § 3113, has existed …
US Treasury Accepts PayPal and Venmo for Debt Donations as Bitcoin Reserve Plan Stalls
The US Treasury has expanded its payment options by allowing PayPal and Venmo transactions for voluntary contributions to reduce the national debt through its Pay.gov platform. This update brings renewed attention to the long-running Gifts to Reduce the Public Debt program, even as larger policy solutions like the proposed Strategic Bitcoin Reserve struggle to gain traction in Congress. Originally established in 1961 under federal law, the debt …
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