'This Week' Transcript: Rep. Paul Ryan and White House Chief of Staff Denis McDonough

PHOTO: ABC News George Will, House Armed Services Committee Member Rep Joaquin Castro (D) Texas, 2012 Republican Presidential Candidate and (R) Former House Speaker Newt Gingrich, Washington Post Columnist Ruth Marcus, and Romney 2012 Campaign Senior Adv

Read here for a full recap of Denis McDonough's and Paul Ryan's interview.

KARL: Good morning and welcome to "This Week." "This Week" exclusive.

(BEGIN VIDEO CLIP)

OBAMA: Gabby Giffords deserves a vote. The families of Newtown deserve a vote.

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KARL: After Obama's appeal on guns, immigration, and the minimum wage, how will Republicans respond? We'll ask Congressman Paul Ryan, here live only on "This Week." Plus, how is President Obama going to get any of this out of Congress? White House chief of staff, Denis McDonough is here. Then.

(BEGIN VIDEO CLIP)

GRAHAM: The debate time for Senator Hagel is not yet over.

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KARL: Hagel on hold and -- was this really a big deal?

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STEPHEN COLBERT, TALK SHOW HOST: Don't worry, Senator Rubio, nobody noticed that you gave a speech.

[LAUGHTER]

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KARL: Our powerhouse roundtable takes on all the week's politics. George Will, Democratic Congressman Joaquin Castro, former speaker of the house, Newt Gingrich, Ruth Marcus from the Washington Post, and former Romney adviser, Stuart Stevens.

KARL: Hello again, George is off today, it's great to have you with us.

In a "This Week" exclusive, Congressman Paul Ryan is standing by to join us live, but first, a major political story breaking overnight. A new report from USA Today with what the paper says is a draft of the White House immigration proposal. According to the report, the plan includes allowing undocumented immigrants to apply for legal status with a pathway to citizenship after eight years. It also expands e-verify and border security.

Joining us now to talk about this is the new White House Chief of Staff Denis McDonough. Thank you for joining us.

MCDONOUGH: Thanks for having me, Jon.

KARL: Now, this hit with a thud as far as Marco Rubio is concerned. He said late last night in a statement, quote, "this legislation is half baked and seriously flawed. It would actually make our immigration problems worse. If actually proposed, the president's bill would be dead on arrival in Congress, leaving us with unsecured borders and a broken legal immigration system for years to come."

Let's be honest. There is no passing an immigration bill without Marco Rubio. How could the White House be working on a draft without Republican input?

MCDONOUGH: Jon, you know, the president has always approached this question of immigration reform from four principles. One, let's make sure that the border is secure. Two, let's make sure that we enforce on businesses who are gaming the system, enforce their requirements to live up to the law. Three, make sure that we are reforming legal immigration so that we can use it to make sure that those who have come here legally have a reasonable option.

And we've not proposed anything to Capitol Hill yet. We've got a bill, we're doing exactly what the president said we would do last month in Las Vegas, which is we're preparing. We're going to be ready. We have developed each of these proposals so we have them in a position so that we can succeed, because fact of the matter is, Jon, as you know as well as I do, going back to 2001, this has been a priority for many Congresses. So let's make sure that they get this thing done. And they're up there working on it right now. Senator Rubio, Senator Durbin, Senator Schumer and others. And let's see how they do, and we'll be ready to work with them.

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