Red Flag, Thunderbirds at Nellis targeted for grounding

With fiscal cliff budget cuts looming a few weeks away, Air Force leaders said Thursday they will probably cancel upcoming Red Flag air combat training exercises at Nellis Air Force Base and ground the Thunderbirds demonstration team if Congress and the White House don't agree on a solution to the nation's $16 trillion debt.

Military caps pay hike at 1 percent

The Pentagon plans to cap pay raises for active-duty military personnel at 1 percent next year instead of granting a 1.8 percent increase allowed under Labor Department standards. "Given the current budget environment, this pay raise is less than...