With all this debt ceiling talk taking over the news, the federal government might want to borrow some money from Apple Inc.
Come to find out, Apple's most recent earnings topped the U.S. Treasury. As of July 27, the government is holding $73.768 billion compared to Apple's $76.156 billion.
Looks like President Obama and the U.S. government should ask Steve Jobs to hold a lil' something.
Apple's business practices, at least when it comes to money, is handled differently than the federal government.
Apple takes in more money than it spends, while the government spends more money than it takes in and that's why the lucrative company has way more cash on hand than Uncle Sam.