Monday, 1 August 2011

Apple has more cash than US government today

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             New York, July 29 (IANS) As of today, Apple boss Steve Jobs is richer than Uncle Sam.
While the world's most powerful government has just $73.76 billion in its reserves, the world's top technology company has a neat cash pile of $75.87 billion Thursday.
The US Treasury Department Thursday warned that it has now only this much operating budget as Republicans and Democrats fight over raising the nation's debt ceiling. With only that much reserve at its disposal, the Obama White House has warned the Republicans that the US government won't be able to meet its obligations as of Aug 2.

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