Apple Now Has More Cash Than The U.S. Government

07/29/2011 12:54 pm ET | Updated Sep 28, 2011
  • Matt Hartley Financial Post

Steve Jobs is now more liquid than Uncle Sam.

While it’s highly unlikely that President Barack Obama is looking to ask the founder and chief executive of Apple Inc. for a loan, it became a fact as of Thursday afternoon — the world’s largest technology company now has more cash on hand than the most powerful democracy on Earth has spending room.

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