{"id":92791,"date":"2025-07-26T01:05:11","date_gmt":"2025-07-26T01:05:11","guid":{"rendered":"https:\/\/www.europesays.com\/us\/92791\/"},"modified":"2025-07-26T01:05:11","modified_gmt":"2025-07-26T01:05:11","slug":"americans-can-now-donate-to-pay-down-national-debt-via-venmo-and-paypal","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/92791\/","title":{"rendered":"Americans can now donate to pay down national debt via Venmo and PayPal"},"content":{"rendered":"\n

Economist Peter Morici breaks down what the national debt is, why it ballooned to more than $34 trillion and what it means for Americans.<\/p>\n

Americans, if they\u2019re so inclined, can now donate to pay down the national debt<\/a> via Venmo and PayPal.\u00a0<\/p>\n

The U.S. Treasury Department\u2019s little-known program has been around for decades, and Americans have donated $67.3 million\u00a0in the last 29 years, which has done little to bring down the current $36.7 trillion in debt<\/a>.\u00a0<\/p>\n

On Wednesday, an X post from NPR\u2019s Jack Corbett showing a screenshot of the 21st century payment options went viral.\u00a0<\/p>\n

“You can venmo the United States to help pay off the national debt,” Corbett wrote.\u00a0<\/p>\n

HIGH SCHOOL SENIORS SEE RED WHEN THEY LEARN THE SIZE OF THE NATIONAL DEBT<\/strong><\/a><\/p>\n

\"Venmo <\/p>\n

Americans can now donate to pay down the national debt via Venmo and PayPal.\u00a0 (Andrew Harrer\/Bloomberg via Getty Images \/ Getty Images)<\/p>\n

Donors can go to Pay.gov and, under “Gifts to Reduce the Public Debt,” choose between the more traditional bank account or credit\/debit card options and the newer options to make a gift.\u00a0<\/p>\n

RAY DALIO WARNS OF LOOMING FISCAL CRISIS IF US DOESN’T ADDRESS DEFICIT SPENDING: \u2018ECONOMIC HEART ATTACK\u2019<\/strong><\/a><\/p>\n

Even a generous donation is unlikely to make much of a difference, however. The $67.3 million given since 1996 only accounts for 20 minutes of debt, according to Axios.\u00a0<\/p>\n

The national debt, which measures what the U.S. owes its creditors, rose to $36,721,531,033,603 Friday, according to the latest numbers published by the Treasury Department. That is up about $34.5 billion from the figure reported the previous day.<\/p>\n

Forty years ago, the national debt was $907 billion.<\/p>\n

\"Screenshot <\/p>\n

Venmo and Paypal options on Pay.gov to “Reduce the Public Debt.”\u00a0 (Pay.gov \/ Fox News)<\/p>\n

The outlook for the federal debt level is bleak, with economists increasingly sounding the alarm over the torrid pace of spending by Congress and the\u00a0White House<\/a>.\u00a0<\/p>\n

This has intensified with the recent passage of President\u00a0Donald Trump’s<\/a>\u00a0One Big Beautiful Bill Act, which the nonpartisan Congressional Budget Office (CBO) estimates will add $3.4 trillion to budget deficits over the next decade. Trump’s team argues revenues from tariffs and faster economic growth will more than help offset rising debt.<\/p>\n

\"Treasury <\/p>\n

The donations are made to the U.S. Department of the Treasury.\u00a0 (Mandel Ngan\/AFP via Getty Images \/ Getty Images)<\/p>\n

The maximum donation allowed by Venmo, $999,999.99, would have to be made in 18 seconds just to keep up with the national debt, Axios reports.\u00a0<\/p>\n

CLICK HERE TO READ MORE ON FOX BUSINESS<\/strong><\/a><\/p>\n

It’s unclear when Venmo and Paypal donation options were added to Pay.gov. FOX Business has reached out to the Treasury Department for comment.\u00a0<\/p>\n

FOX Business’ Eric Revell contributed to this report.\u00a0\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Economist Peter Morici breaks down what the national debt is, why it ballooned to more than $34 trillion…\n","protected":false},"author":3,"featured_media":92792,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[611,158,67,132,68],"class_list":{"0":"post-92791","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-mobile","8":"tag-mobile","9":"tag-technology","10":"tag-united-states","11":"tag-unitedstates","12":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114916853251594655","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/92791","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=92791"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/92791\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/92792"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=92791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=92791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=92791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}