The government downgraded its terror threat level to "substantial" on Monday, its lowest for at least three years...
...an attack is a strong possibility, but is down from "severe", meaning an attack is highly likely...
...The five-grade threat level was first made public on August 1, 2006, when it was set at "severe."
It was twice briefly raised to the top "critical" level -- meaning an attack is expected imminently -- first on August 10, 2006, after a series of arrests linked to an alleged plot to down transatlantic airliners; and again at the time of failed attacks in London and Glasgow in June 2007.
But it has not been as low as "substantial" since the threat level was made public...
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