The Senate has confirmed Adm. Linda L. Fagan as the next commandant of the U.S. Coast Guard, paving the way for her to become the first woman to lead the Coast Guard as well as the first woman Service Chief of any U.S. military service.
Nominated by President Joe Biden in April, Fagan will succeed Adm. Karl Schultz as head of the Coast Guard when he retires by the end of May. A change of command ceremony is scheduled to take place on June 1.
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Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.