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This is the declassified "Key Judgments" portion of the National Intelligence Estimate, released by President Bush in late September 2006. The lead paragraph reads:
"United States-led counterterrorism efforts have seriously damaged the leadership of al-Qa'ida and disrupted its operations; however, we judge that al-Qa'ida will continue to pose the greatest threat to the Homeland and US interests abroad by a single terrorist organization. We also assess that the global jihadist movement -- which includes al-Qa'ida, affiliated and independent terrorist groups, and emerging networks and cells -- is spreading and adapting to counterterrorism efforts."
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