Apple has more cash on hand than the US government

United States of iMerica?

A new report from the Treasury department shows that Apple's wallet surpasses that of the federal goverment.

The Treasury reported a total operating cash balance of $73.768 billion, while Apple is reported to be holding $75.876 billion according to Apple Insider.

Apple set record numbers in the third quarter this year with shares rising almost 3% to an all-time high of $386.90 with revenue surging 82% to a total $28.6 billion.

Read more: http://www.nydailynews.com/news/politics/2011/07/29/2011-07-29_apple_has_more_cash_on_hand_than_the_us_government.html#ixzz1TYBZDrJq