U.S. Debt Ceiling: Government's Cash Holdings Now Smaller Than Apple

First Posted: 07/29/11 03:37 PM ET Updated: 09/28/11 06:12 AM ET

React

Amazing
Inspiring
Funny
Scary
Hot
Crazy
Important
Weird

Steve Jobs , Apple Inc. , U.s. Debt Ceiling , U.s. Deficit , Canada Business News

share this story

Get Canada Business Alerts

Submit this story

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.

Read the whole story: Financial Post

FOLLOW HUFFPOST CANADA BUSINESS

Facebook:

39k

Twitter:

Get Alerts

CONTRIBUTE

TO THIS STORY

Related News On Huffington Post:

Read more from Huffington Post bloggers:

Alec Baldwin: It's Time To Suck It Up And Pay Our Bill

Americans are caring. And what those who are opposed to raising the debt ceiling are essentially attempting to do is insist that we stop caring.

David Graeber: 9 Things You Didn't Know About The History Of Debt (PHOTOS)

Debt seems to be everywhere in the news nowadays: debt ceilings, sovereign debt crises, credit crunches, senate battles over debt protection agencies, subprime mortgages, the creeping feeling that the United States has somehow hocked itself to China.