Kamala Harris Selects Tim Walz as Running Mate for 2024 Presidential Campaign

Why Kamala Harris picked Tim Walz as VP

Good morning, Broadsheet readers! Former Federal Reserve economist Claudia Sahm says the U.S. isn't in a recession yet but is close, Citigroup and ICAP are facing a harassment lawsuit, and Kamala Harris chooses her VP. - Veep to veep. As you surely know by now, Vice President Kamala Harris has chosen Minnesota Gov. Tim Walz as her VP pick on the Democratic ticket. The choice pairs Harris -- who would be the first Black woman and first South Asian president -- with a white male veep, as expected. Beyond his identity, Walz is an interesting pick for Harris, who reportedly chose the 60-year-old from a field of final contenders including Pennsylvania Gov. Josh Shapiro. Here are a few things to know about Harris's new running mate: -- Harris reportedly chose Walz in part because she admired his record as governor, a post he has held since 2019 after beginning his political career with an upset of a GOP incumbent in 2006. In Minnesota, he helped preserve access to reproductive health care, enacted gun safety reform, and introduced a new child tax credit and paid leave policy. -- He kicked off Democrats' new "weird" line of messaging about GOP rivals Donald Trump, JD Vance, and the Republican Party. -- The Walzes turned to IVF to conceive their two children -- one named Hope for the hope the couple felt after an arduous fertility journey. Walz has been a vocal supporter of IVF and critic of Vance's stances on reproductive health. -- Plus, a bonus: a victory for the Harris-Walz ticket would mean Minnesota gets its first female governor; Lt. Gov. Peggy Flanagan would assume the post, and she'd also be the state's first Native American governor. While President Joe Biden turned to Harris to balance his ticket in 2020 with a younger candidate who resonated with diverse voters, Harris in 2024 was tasked with the opposite (even though, at 59, she's been a public servant for decades). She and Walz are almost exactly the same age -- and he has poked fun at his older look. "[I] supervised the lunchroom for 20 years. You do not leave that job with a full head of hair," he posted on X a few weeks ago. Plus, Walz's Midwestern bona fides have helped reassure some Democrats who worried that Harris's California career would limit her resonance with heartland voters. Walz leaned into his Midwestern-ness in comparison to GOP VP candidate Vance at the Harris-Walz duo's first public appearance together yesterday. There will surely be much more to come on the Harris-Walz ticket in the weeks ahead. Stay tuned as we cover this historic election. - Keep calm. Claudia Sahm, former Federal Reserve economist known for the "Sahm rule" on recessions, said that the U.S. is "uncomfortably close" to being in a recession, although the country is not in one yet. "Calm is important at a moment like this," she advises. Fortune - Toxic culture. ICAP and Citigroup, with chief executive officer Jane Fraser, have been sued by an ICAP supervisor and Citigroup trader. Christine O'Reilly is alleging years of sexual harassment from Benjamin Walters, a trader for the bank. Waters (who isn't named as a defendant in the lawsuit), ICAP, and Citigroup all declined to comment. Bloomberg - Listen to Li. Fei-Fei Li, the "godmother of AI," argues in a new op-ed that California's AI bill, SB-1047, will harm the AI ecosystem. "AI policy must encourage innovation, set appropriate restrictions, and mitigate the implications of those restrictions," she writes. Fortune - End of an era. The world's longest-serving female leader has been an autocrat who oversaw extrajudicial killings and rigged elections, Bangladesh prime minister Sheikh Hasina. Hasina was toppled this week amid a growing protest movement; 300 people were killed over a three-week period of protests. Financial Times CBS News and Stations has expanded Adrienne Roark and Jennifer Mitchell's roles. Roark will now be president of editorial and newsgathering. Mitchell will serve as president of stations and digital. Previously, Roark was president of content development and integration. Mitchell was president of CBS Stations (West Coast and Midwest). Intrepid Travel appointed Payton Iheme to chief impact officer. Most recently, she was vice president and head of public policy at Bumble. She has also held senior roles at Facebook and in the U.S. Senate and Barack Obama's administration. Parity, a sponsorship platform for women in sports, appointed Mandy Anderson as vice president, sales. Most recently, she was senior vice president, client relationships for 4media group US. Gelato added Aarthi Ramamurthy and Jessica Dannemann as board members. Currently, Ramamurthy is the chief technology officer and product officer at Rithium. Dannemann is chief partner officer at Optimizely. "But I said to the people then, I don't want you voting for me because I'm a woman and I don't want you voting against me because I'm a woman."

Why Kamala Harris picked Tim Walz over Pennsylvania Governor Josh Shapiro

Please use Chrome browser for a more accessible video player On the rally stage in Philadelphia, he cut the figure of a man destined for the highest office. No one worked the crowd better and a barnstorming performance went down a storm inside the Temple University arena. Which begs the question: why wasn't Josh Shapiro picked? Kamala Harris's choice of liberal-leaning Tim Walz has pleased Democrats, no doubt. Chemistry, we're told, was the clincher for the partnership. Read more: Could Walz be most progressive VP ever? Harris is also attracted to his backstory, plain-speaking and political heft on the likes of reproductive rights and gun control. But if there's Democratic satisfaction with Walz, there is surprise that 51-year-old Shapiro wasn't the choice. He's a politician with a 60%+ approval rating, sure-footed and moderate enough to settle the horses in Democratic curious-yet-reluctant parts of the country. As Pennsylvania governor, Shapiro would be a safe bet to lock in the 19 electoral college votes on offer in the state, hugely important in the race for the White House. On Tuesday evening, however, Shapiro told the Philadelphia crowd, "I love being your governor" and vowed "to continue pouring my heart and soul into continuing to serve you every single day," before giving the stage over to Harris and Walz. So why not him? Reportedly, he and Harris didn't really hit it off in the 'chemistry test' interview. Her head would also have been turned by criticism from pro-Palestinian activists of the Jewish governor's positions on the Israel-Hamas war, even though they are aligned with others who made the shortlist. Protests, whatever their foundation, would drag Harris towards awkward territory and difficult questions. Then there's ambition. Shapiro is seen as a potential contender for the presidency at some point in his career - Walz, on the other hand, has let it be known that's not on his radar. It's clear which working dynamic would best foster mutual trust between a number one and two. Read more on Sky News: Harris officially declared Democrat candidate Criminal used AI to make sex abuse images of child Disney star RFK Jr: 'I abandoned dead bear in Central Park' A priority for Harris is a working relationship that will thrive in office. She has to get there first. In making her choice of running mate, she has made the biggest choice of her political career.