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Apple Has More Cash Than U.S. Government

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    NEWSLETTERS

    Perhaps Uncle Steve can float Uncle Sam a loan, at least until this whole debt ceiling thing gets worked out.

    That's because Apple now has more money than the United States' Treasury.  

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    Business Insider reports that as of yesterday, the Treasury was operating on a balance of $73.8 billion

    Apple's last earnings showed the company had $76.2 billion in cash and marketable securities at the end of June.

    That means Apple has more cash than the largest sovereign government in the world.

    Maybe Apple should become their own country.  It would probably be pretty, virus-free, and easy to get around. On the downside, it would probably be way too expensive to live there.