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Treasury opens venmo payments for voluntary donations to reduce the US' $36T national debt

UNITED STATES, JUL 24 – The Treasury Department adds Venmo and PayPal to expand digital donation options for the national debt, which has raised $67.3 million since 1996, a small fraction of $36.65 trillion.

  • In early 2025, the U.S. Treasury introduced Venmo as a new option for individuals to make voluntary contributions toward lowering the national debt.
  • This update builds on a longstanding program dating back to 1961 that allows citizens to donate funds to reduce the federal debt.
  • The Treasury averages about $120,000 monthly in donations since 2020, with over $2.7 million collected last year and nearly $174,000 contributed in April 2025 alone.
  • According to Treasury data, Americans have donated about $67.3 million since 1996, which is enough to cover roughly 20 minutes of the nation’s debt.
  • Adding Venmo and other digital options reflects efforts to modernize payments and engage younger Americans amid the national debt surpassing $37 trillion.
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Newsweek broke the news in United States on Thursday, July 24, 2025.
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