Is it true that Apple has more cash on hand than the Federal Government?

On Thursday July 28^th it became apparent and widely spoken that the innovators of the iPhone and other i products has more cash on reserve approximately, $75.88 billion than the US federal government operating balance of $73.77 billion. The government’s number is a different take from Apple’s since the operating balance of $73.77 billion represents the gap from reaching the current debt ceiling of $14.29 trillion. Apple has made huge head waves in terms of market capitalization and currently sits at number two behind Exxon Mobil at $363.25 billion. Let’s see if Apple can lend some of its cash to the government and become Uncle Sam’s bank. I highly doubt it.

http://business.financialpost.com/2011/07/28/u-s-balance-now-less-than-apple-cash/