LITTLE ROCK, Ark. (Arkansas Business) -- Markets open today after the day off yesterday. One key piece of economic data this week: the Federal Reserve's Open Market Committee set to release the minutes from its latest policy meeting in January.
Investors will be looking for clues about future Fed policy, including interest rates and how the Fed plans to continue dialing back it's stimulus efforts.
That document set to come out tomorrow.
UAMS recovering from financial hit
The University of Arkansas for Medical Sciences working to avoid more financial shortfalls after recording an operating loss of $28 million in the first half of its current fiscal year.
That loss is a dramatic downturn from an $8.5 million operating gain during the same time last year.
UAMS Chancellor Dr. Dan Rahn telling Arkansas Business this week that he's working on a multi-point plan to turn things around and hopefully avoid layoffs.
Rahn tells says he's looking to generate $40 million through revenue and expense cuts for UAMS over the next 18 months.
His plans include using electronic billing to capture more revenue and conducting more clinical trials
He also says it's a must that the Legislature reauthorize funding for the private option.
Rahn says that if that doesn't happen, UAMS will have to brace for a 3 percent cut in funds starting July 1.
Private option up for a vote today
It's likely the bill that would reauthorizing funding for the states method of expanding health coverage for low income Arkansans will go up for a vote today in the House.
Legislators were off yesterday for the President's Day holiday but expected to take the measure up today.
House Speaker Davy Carter has said the House would vote on the measure first.
Support for the private option has waned since the Legislature approved it last year votes have been particularly hard to come by in the Senate.