My vote for cheap Chinese is this:
http://www.amazon.com/Baofeng-GT-3-Dual-Band-Transceiver-Black-Orange/dp/B00GCZVXPI
Yeah it's $10 less cheap than the one above, but having a somewhat sort-of decent receiver I think is very worth $10.
There's also an 8-watt version, though it may be debatable whether 4 extra watts is worth another $13 on top of the $10 already...
http://www.amazon.com/GT-3TP-Mark-III-Tri-Power-Transceiver-Upgraded/dp/B00T5UVSIY
I've had a couple of the 8-watt ones for about half a year now (got a combo deal on them for ~$40 each). They definitely are solid little units even for 1½× the price. No problems to report with them yet (well one did have low TX audio upon arrival, but was promptly sent a replacement that's been fine).
As for CB handhelds, best one seems to be the
Midland 75-822 (has fairly decent audio quality). A problem with all CB handhelds is their short rubber antennas are not even remotely efficient at the long 11m wavelength of 27MHz. Consequently you cannot reliably expect more than about ¼ - ½ mile range unless you attach a huge 5 foot or taller antenna to it.
If you're looking for license-free options, I would suggest MURS or FRS. Both will handily out-distance a hand-held 27MHz CB (with better audio clarity too), however they generally won't out-distance two good CB setups that are hard-mounted in vehicles.