White House: No Wolf After All!

The White House says there's no terror threat afterall -- just some indigestion from Secretary of Homeland Insecurity Director Michael Chertoff.

Seems Sec Chertoff simply told the Chicago Tribune's editorial board he had a "gut feeling" the US faces an increased terror risk over the summer.

Apparently that was enough to raise the color coded terror threat assessment level on the "Rainbow of Doom" (left) to "Pepto-Bismo Pink."

But don't carry more than three ounces of that onto a plane.

The White House now denies ABC News' report that there a meeting planned for today with counter terrorism agency heads trying to head off a possible al Qaeda attack. (Reuters)