Apple Now Has More Cash Than US Government, With $76 Billion In Reserve

Amidst the political debates over the federal budget and the debt ceiling crisis, the U.S. government revealed that it now has $73 billion remaining as the “financial headroom” before hitting an arbitrary debt ceiling. Interestingly, this figure, which represents all that the government has left to spend is less than the mountain of cash that Apple’s sitting on as reserve.


Apple has been rapidly building up a gigantic cash reserve over the years. In 2005 it reported $9 billion in cash on hand, which has since skyrocketed to $60 billion in 2010. At that time

Banky W Apologises For Cancelled EME American Tour, To Refund Tickets

The Empire World Tour, which was supposed to start on June 24, 2011 has been cancelled for undisclosed reasons. Banky W released a statement via twitter