Apple has more cash than US govt

Washington: Latest figures released by the U.S. Treasury Department show that the country has a balance of operating cash 73700000000 $ (£ 45300000000). Put the latest financial results Apple reserves of $ 76.4bn. U.S. House of Representatives is scheduled to vote on a bill to raise the debt ceiling in the country, allowing it to borrow more money to cover spending commitments. If you fail to extend the current limit of 14.3 trillion dollars, the federal government can find themselves struggling to make payments, and the risk of losing its credit rating AAA. The United States currently spends about $ 200 billion more than it collects from the proceeds of each month. Apple, on the other hand, is making money on the hand grip, according to financial results. In the three months ended June 25, net income 125% higher than a year ago to $ 7.31 billion.