According to the latest daily statement from the US Treasury, as well as Apple’s latest earning report, the tech company now has more cash on hand than the US government.

As of this week, Apple has $76.2 billion, while the federal government claims $73.8 billion when it comes to how much actual money each entity has in the bank.

And with the latest GDP growth at a paltry 1.3 percent, and our political leaders currently unable to solve the debt ceiling crisis, it doesn’t look like the government is going to overtake Apple anytime soon.

[Business Insider]