Tom Coburn

The Weirdest Things Your Taxes Pay For

Sen. Tom Coburn has released his Wastebook 2012, a look at over $18 billion in projects that are bizarre and hard to justify. Admittedly, that's just a drop in the federal budget. But ... Thoreau-based video games? Robot squirrels?! Take a peek at our gallery of weird government expenditures.

GOP Senators Unveil New Medicare Overhaul Plan

Two Republican senators unveiled a Medicare overhaul Thursday that features an accelerated transition to private health insurance for many seniors, a gradual increase in the eligibility age, and higher premiums for middle-class and upper-income retirees.

Bipartisan Debt Proposal Fails to Get the Votes

President Obama's bipartisan National Commission on Fiscal Responsibility and Reform voted Friday on whether to approve its own recommendations, and failed to get the 14 votes from its members required to send its proposal to Congress. But don't count out deficit reduction quite yet.