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Apple Has More Cash than US Government

Saturday, 30 July 2011 07:09

‘Figures from the US Treasury Department have indicated that Apple Inc. has more cash to spend than the government of the United States.

The latest report of the United States Treasury on cash and debt operations put the country’s cash balance at $73.7 billion, but Apple’s reserves are currently $76.4 billion, the state-run BBC reported on Friday.

The United States is currently spending around $200 billion more than it collects in revenue every month.’

Read more: Apple Has More Cash than US Government

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