ABCNEWS:

According to sources in intelligence, emergency services and police headquarters, when three Iraqi insurgents were arrested several days ago during a raid by a joint FBI-CIA team, one of those caught disclosed the threat. .

This is a breaking story. While there is a lot of doubt precautions are being taken.

Department of Homeland Security sources told ABC News they are very doubtful the threat information is credible, though NYPD sources said the information continues to come in and is disturbing.

Also FOXNEWS:

Confederate Yankee has live coverage of the breaking news. Also GOP & The City , Counterterrorism blog, Terrorism Unveiled live-blogging. Chad at ITB following.

Updated: It now appears the same intelligence that led to the NYC subway alert today also resulted in a raid South of Baghdad.

CNN:The highly classified operation involving the U.S. intelligence community and the U.S. military was carried out against suspected al Qaeda operatives south of Baghdad, CNN has learned from a well-placed U.S. military official. "Significant intelligence was also gathered in this raid, along with al Qaeda operatives who were rounded up," CNN's Jamie McIntyre reported... ...But the official said the raid was the result of the same intelligence about the threat to New York's subway system.

To this story, there will be more.

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