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31st Jul 2011, 12:53 PM #1OPMember
Apple is richer than US government
Apple reported the quarterly earning of US$ 75.86 billion till the 25th of June 2011 .
The U.S government reported total operational balance of US$ 73.768 billion on Thursday , which is lesser than Apple.
The US Government, on the other hand, is close to defaulting on its national debt of $14.3 trillion.
The failure by the Republicans and Democrats to come to a compromise to raise the current $14.3 trillion debt ceiling by Aug 2 could lead to a hike in interest rates.
http://articles.economictimes.indiat...let-steve-jobsraflamo Reviewed by raflamo on . Apple is richer than US government http://imgcrave.com/u/hgb4s.jpg Apple reported the quarterly earning of US$ 75.86 billion till the 25th of June 2011 . The U.S government reported total operational balance of US$ 73.768 billion on Thursday , which is lesser than Apple. The US Government, on the other hand, is close to defaulting on its national debt of $14.3 trillion. The failure by the Republicans and Democrats to come to a compromise to raise the current $14.3 trillion debt ceiling by Aug 2 could lead to a Rating: 5
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