NEED TO KNOW
- A viral X post on July 23 pointed out one way that the Trump administration is looking to reduce the national debt
- On the Pay.gov website, operated by the Treasury Department, Americans can now give a “gift” to the public debt via Venmo or PayPal
- The national debt currently sits around $36.7 trillion, as is expected to grow substantially in the coming years due to Trump’s “Big, Beautiful” budget bill
As President Donald Trump‘s “Big, Beautiful Bill” is poised to add trillions to the U.S. national debt, the Treasury Department is offering ways for citizens to help pay it down themselves.
On July 23, NPR reporter Jack Corbett pointed out, via X, that Venmo and PayPal options had been added to the Pay.gov website.
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