Apple is Richer than U.S.

“With news that the United States Treasury could default on Monday if the Democrats and Republicans in Washington, DC don’t compromise and raise the debt limit, it has been revealed that Apple — the manufacturer of the iPod and the iPad — has more money on hand than the United States Treasury. The US Treasury currently has a balance of just under $73.8 billion incash and securities, but when you compare that to Steve Jobs’ Apple, it has a 3% advantage on the US Government with $76.2 billion in cash and marketablesecurities on hand, according to June statements.”  (Reference)

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