Showing posts with label apple has more cash. Show all posts
Showing posts with label apple has more cash. Show all posts
Tuesday, October 18, 2011
A Loss which cant be recovered
Sunday, July 31, 2011
Apple Now Has More Cash Than The U.S. Government
New figures from the U.S. Treasury Department indicate that the government has a total operating cash balance of $73.768 billion, less than Apple's own war chest of $75.876 billion.
As noted by Matt Hartley of the Financial Post, the news comes even as Republican and Democrat lawmakers debate over the federal budget and debt ceiling. The government's $73 billion number actually represents the "financial headroom" that lawmakers have before reaching an arbitrary debt ceiling, according to the report.
As noted by Matt Hartley of the Financial Post, the news comes even as Republican and Democrat lawmakers debate over the federal budget and debt ceiling. The government's $73 billion number actually represents the "financial headroom" that lawmakers have before reaching an arbitrary debt ceiling, according to the report.
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