Federal officials launched a series of raids Monday in New York City after tailing a suspected Al Qaeda operative believed to have been orchestrating a bomb plot.

FBI agents thought the threat was significant enough to race to court Sunday night to get an emergency search warrant to look for bomb-making components, explosive powders, gels, TNT and fuses, sources said.

The raids came hours before President Obama visited the city to give a speech on the economy and just days before world leaders converge on New York for the UN General Assembly. Officials said there was no indication that the plot was related to either event.

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