Apple holding more cash than USA

[Simon]

Apple now has more cash to spend than the United States government.

Latest figures from the US Treasury Department show that the country has an operating cash balance of $73.7bn (£45.3bn).  Apple's most recent financial results put its reserves at $76.4bn.

The US House of Representatives is due to vote on a bill to raise the country's debt ceiling, allowing it to borrow more money to cover spending commitments.  If it fails to extend the current limit of $14.3 trillion dollars, the federal government could find itself struggling to make payments, and risks the loss of its AAA credit rating.

The United States is currently spending around $200bn more than it collects in revenue every month.  Apple, on the other hand, is making money hand over fist, according to its financial results.

http://www.bbc.co.uk/news/technology-14340470

[pctech]

Steve Jobs to walk into US Presidency?

[Rik]

A job for Jobs, you mean?

[pctech]

Indeed

[TheMonkey]

With Jobs health as it is maybe he should be president.

Got to be easier than running Apple right?