WATCH: Tim Walz Has a Huge Debate Advantage Over JD Vance

The only Vice Presidential debate between candidates Gov. Tim Walz (D) and Sen. JD Vance (R) will be held in New York City Tuesday night and moderated by CBS Evening News anchor and managing editor Norah O'Donnell and "Face the Nation" moderator and chief foreign affairs correspondent Margaret Brennan.

Gov. Walz has the clear advantage heading into the debate, as he's polling a whopping 40 points above the historically unpopular Vance.

The former high school football coach has been preparing for the debate with Transportation Secretary Pete Buttigieg standing in for Vance. 

Like the debate between Vice President Kamala Harris and Donald Trump in Philadelphia, there will be no audience in the studio. There won't be any opening statements, the candidates will have two minutes each for closing statements. A coin toss was held on Thursday to allow the winner to choose the order of closing statements. Vance won the toss and elected to go second, so he will have the final word.

The moderators won't be fact-checking in real time, but expect the candidates to fact-check each other. CBS News says they "reserve the right to mute the candidates' microphones," which was an issue in the Harris-Trump debate, but otherwise, they will be hot.

Walz will certainly have plenty of ammunition against Vance, who's been at the center of constant controversy since being named Trump's running mate, most notably amplifying false claims about Haitian migrants eating pets in a small Ohio town and for comments that the country was being run by “childless cat ladies.”