We now have capabilities in science and technology that raise the very realistic possibility that a small group of terrorists could kill not only thousands of people, as they did on September 11th, but hundreds of thousands of people. And that has changed the dimension of the threat we face.

So that's why I said, if you look at the average, you would see the money New York got this year was in line with the average across the prior three years and substantially more, by a country mile, than the money given to any other city.

The larger point is this: We've invested over half a billion dollars in New York since this department was stood up. We've given New York more money, by more than double, than any other city in the country.

Even the kinds of ingredients you can find in your own kitchen can be used to make bombs. So the problem is with the people and not with the tools.

But one thing that we have done in the last four years is we have really put pressure on the leadership of this organization [Al Qaeda]. We have killed a significant number of leaders. We've captured others. Those that remain have to look over their shoulders, they have to be on the run. So that even if we don't manage to kill or capture them all within four years, what we do do is put the kind of pressure on them that makes them focus on their own skins, as opposed to carrying out attacks.

There really is no vacation from the world in which we live.

We always monitor the flow of information, intelligence, threat streams to see whether we have any indication there's some imminent. We work hard to identify potential cells and disrupt them. This is one of the reasons we put so much emphasis on intelligence gathering.