The federal government is telling hundreds of counties across the country it wants some money back. The U.S. Forest Service says it has to cut its budget by five percent because of sequestration, and that could mean several counties in Arizona could lose hundreds of thousands of dollars.

The Air Force announced this week that it is slashing some 45,000 hours of training flights across the country in an effort to meet Congressionally mandated budget cuts. 

Four Arizona airports are on the FAA’s list for tower closures, due to the sequester cuts.

One of Phoenix’s city councilmen is in Washington, D.C. for the second time in as many weeks. As KJZZ’s Nick Blumberg reports, he’s calling attention to how Phoenix and other U.S. cities will suffer after federal budget cuts. 

Financial markets have remained steady this week despite the threat of across the board budget cuts, known as sequestration.

Phoenix Mayor Greg Stanton came to the studio to talk about Proposition 201, which would reform the city's pension system, and when Phoenix will repeal its food tax.

Arizona Senator John McCain says defense cuts that could go into effect on New Year's Day would very seriously impact Arizona’s military installations, as well as its defense industry.