Debt Showdown

June 28, 2011 - 4:30 PM
FILE - In this June 14, 2011 file photo, Sen. Tom Coburn, R-Okla., talks with reporters on Capitol Hill in Washington. Taking aim at huge federal deficits, two Senate rebels outline a plan to raise the age of eligibility for Medicare from 65 to 67 and to charge wealthier seniors more for their care. The proposal by Sens. Joseph Lieberman, I-Conn., and Coburn, come as budget negotiators face an early August deadline to reach a deal to raise the debt limit.(AP Photo/Alex Brandon, File)