About This Trend
Venmo is a mobile payment service owned by PayPal.
According to the New York Post, the US Treasury Department is now accepting Venmo donations to help pay down the nation's $36.7 trillion public debt. This comes after President Trump's recent call for people to Venmo to help pay off the national debt. The Treasury Department's “Gifts to Reduce the Public Debt” website now accepts Venmo as a payment option. A recent report from Business Insider notes that the government received $2.7 million in gifts to pay down the debt last year. The US government hopes to encourage citizens to make small contributions to help reduce the national debt. According to an article in Newsweek, this new payment option can be accessed through the Treasury Department’s website or through Venmo directly.