Apple has more cash right now than the US Treasury

Matt Hartley at the Financial Post was the first to point this one out:

As Republicans and Democrats continue to work towards a compromise to the country’s debt ceiling crisis, 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.
More nuance and analysis around the web: NPR, Apple Insider, Fortune.

Photo: Apple CEO Steve Jobs takes the stage to discuss the iCloud service at the Apple Worldwide Developers Conference in San Francisco, California, June 6, 2011. REUTERS/Beck Diefenbach

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