ROBERTS: Twenty-three minutes after the hour. Christine Romans here "Minding Your Business" this morning with some more news on GM. Good morning to you.</s>CHRISTINE ROMANS, CNN BUSINESS CORRESPONDENT: Good morning.</s>ROBERTS: Welcome back, by the way.</s>ROMANS: Thank you. This is about product liability. And there have been some concerns among the state's attorney general and the big consumer group that this new GM, when it emerges from bankruptcy, if someone is injured in a car accident because of a defective product, that they wouldn't have any state law protections anymore. And this is something that really concerned nine state attorneys general, several very powerful consumer groups. So now, GM and the White House have said that GM will take responsibility for future product liability claims. The partial victory for those people who were saying, wait, consumers could get rolled over in a new GM bankruptcy. What happens is future claims will be honored by the new GM, but the old claims, they will not. They will go the way of bankruptcy court. The whole idea of bankruptcy, you guys, was so that GM could get rid of expensive burdens. And among those were some product liability claims. So this is a partial victory and this clears the way for a very important hearing tomorrow. The final bankruptcy hearing we're hoping for GM, so GM could continue on here, the new GM, very, very soon. Buick, GMC, Chevrolet, Cadillac will be four brands. Everything else stays with the old company and gets settled in court.</s>ROBERTS: All right. Good stuff. Thanks. Christine Romans "Minding Your Business" this morning. So, we all talk about gridlock in Congress, right? Nothing gets done in Congress. Wow, try Albany, New York and the New York state government. They've got classic gridlock up there. Former Mayor Rudy Giuliani from New York City has got a plan for how to break the gridlock in Albany. We'll ring in on that with him as well as some other things that we'll be waiting to talk to the mayor about. Stay with us. We'll be right back with that. Twenty-five minutes after the hour.
GM to Honor New Liability Claims