Apple has more in cash reserves than U.S.

An Apple Inc. logo is displayed outside the exterior of Apple headquarters in Cupertino, Calif.

July 29, 2011 1:10:47 PM PDT
Here's some perspective on how dire the U.S. debit crisis is becoming. Cupertino's Apple now has more cash than the federal government. The Treasury Department has $73 billion in cash on hand. In its latest earnings report, Apple said it was sitting on a cash reserve of nearly $76 billion.