Apple Has More Cash Than U.S.

Maybe Steve Jobs could help solve the debt-ceiling crisis. The U.S. Treasury Department announced on Thursday that it now has an operating balance of just $73.8 billion. At the moment, Apple has a cash reserve of $75.9 billion. Apple’s market capitalization is $365.3 billion, making it the second-largest company in the world. The numbers aren’t perfectly comparable—the Treasury’s number refers to how much cash the U.S. has before it hits the debt ceiling—but they should certainly be striking enough to cause a little concern in Washington.