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:
