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 Context
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…