The Change Mariner

Warner Says Pentagon To Scrap Terror-Futures Market Plan

Quicken News

The Pentagon will abandon a plan to establish a futures market to help predict terrorist strikes, the chairman of the Senate Armed Services Committee said Tuesday.

Sen. John Warner (R., Va.) said he spoke by phone with the head of the agency overseeing the program, Tony Tether, "and we mutually agreed that this thing should be stopped." Mr. Tether is the head of the Pentagon's Defense Advanced Research Projects Agency, known as Darpa.

Later, in an interview, Sen. Warner said that Darpa "didn't think through the full ramifications of the program."