July 29, 2011 
SoSly 
A few years back this would have been a shocker but with the way the economy is we all kind of know the government is broke. Apple now has more cash reserves than the United States government with a whopping $75.876 billion, this tops the U.S’s $73.786 billion.
Who knew an almost bankrupt company could come back and have a “happily ever after” ending.
Financial Times Reports:
Steve Jobs is now more liquid than Uncle Sam.
While it’s highly unlikely that President Barack Obama is looking to ask the founder and chief executive of Apple Inc. for a loan, it became a fact as of Thursday afternoon — the world’s largest technology company now has more cash on hand than the most powerful democracy on Earth has spending room.
As Republicans and Democrats continue to work towards a compromise to the country’s debt ceiling crisis, the U.S. Treasury Department said on Thursday that Washington now has a total operating balance of only US$73.768-billion.
Meanwhile, Apple currently boasts a cash reserve of US$75.876-billion, as of its most recent quarterly earnings report at the end of June.
Tags: 
