The bipartisan group of senators now known as the "Gang of Five" plans to continue working on a deficit deal Thursday. The group's sixth member, Sen. Tom Coburn, R-Okla., said Tuesday that he was bowing out of the negotiations for now, but one of the gangsters, Sen. Saxby Chambliss, R-Ga., insists that there will not be a final product without input from the man known as "Dr. No." But can an odd number come together to create an even-handed deal for everyone?

On the floor, senators will vote on whether to confirm one of President Obama's most controversial judicial nominees, University of California, Berkeley law professor Goodwin Liu. He's up for a spot on the Ninth Circuit Court of Appeals. Republican critics say Liu's legal philosophy lies outside the judicial mainstream and that he lacks courtroom experience. Democrats point to endorsements from conservative lawyers, including Kenneth Starr, best known as the Independent Counsel during the Clinton White House, as proof that Liu is qualified to serve.

Senate Democrats keep up the assault on the House-passed Ryan budget. At a 12:30 p.m. ET news conference with Health and Human Services Secretary Kathleen Sebelius, Majority Leader Harry Reid, D-Nev., discusses how the GOP budget would affect current Medicare beneficiaries. Reid alleges that the House plan would raise costs for seniors immediately, contrary to claims made by the Republican House majority.

We'll be following all these stories and more, so stay with Fox News for all the latest.