Does the U.S. Government Now Have Less Cash Than Apple?
But that's exactly what seems to be happening. As Matt Hartley reported Thursday in the Financial Post, the U.S. operating balance -- basically, the amount of money that the government has to play with before it hits the debt ceiling -- now stands at roughly $73.8 billion. While impressive-sounding, this princely sum is roughly $2 billion less than Apple's (AAPL) cash reserves of around $75.9 billion, suggesting that -- on paper, at least -- the technological behemoth is on a firmer financial footing than its home country.
Until the debt fight is over and the loopholes get closed ... Brother Jobs, can you spare a dime?
Bruce Watson is a senior features writer for DailyFinance. You can reach him by e-mail at email@example.com, or follow him on Twitter at @bruce1971.