10:30PM
Apple Now Has More Cash than the U.S. Government
According to the latest statement from the U.S. Treasury Department, the U.S. government had an operating cash balance Wednesday of $73.8 billion. That is still a lot of money, but it's less than what Steve Jobs has lying around. Apple had a whopping $76.2 billion in cash on Wednesday. Unlike the U.S. government, which is scrambling to avoid defaulting on its debt, Apple takes in more money than it spends.
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Alex Sullivan
Reader Comments (1)
Technically, you even have more money than the US Government. They are in a debt trillions of dollars.