I have a pair of Performance 1.25" x 26" tires on one of my recumbents and am very satisfied with this kevlar-belted, minimally-treaded, 340gm tire for $14.99.
http://www.performancebike.com/bikes...8_20000_400237
Nashbar has a very similar tire listed.
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Bacchetta Giro A20, RANS V-Rex, RANS Screamer