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Thursday, July 28, 2011

Apple has more cash than the US Government

Some measure of scale, considering …

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.

Congress: is there an app for that?

http://business.financialpost.com/2011/07/28/u-s-balance-now-less-than-apple-cash/