Wednesday's Late-Night Joke Round-Up: Sarah Palin's Back Taxes, Bloomberg's Goodbye To Conan (VIDEO)

Craig Ferguson, on the other hand, went after Sarah Palin and the new administration by saying:

"Very bad news for Sarah Palin today, well good news and bad news, the bad news is that the IRS says she owes thousands of dollars in back taxes, the good news is that she now qualifies to be in Obama's cabinet."

More from Jay Leno and Conan O'Brien below.

See yesterday's round-up here.