'This Week' Transcript: Sen. Jack Reed, Sen. Bob Corker, Sen. Joe Manchin and Jon Huntsman

HAASS: And that's teed up right now. I think these economic sanctions are having far more impact than any of us imagined. There's a really interesting debate going on right now in Iran, George, one that we haven't seen before. The Supreme Leader is allowing a debate to take place about the nuclear policy, about the economy. So this suggests to me the administration can and will go forward with the big negotiation, with the big proposal, and the real question is can we come up with an approach that's enough for the Iranians, and not too much for the United States and the Israelis? Can we, if you will, park the Iranian program out of place that sufficiently far from nuclear weapons status that we can live with it? I don't know, but we want to find out, because either of the alternatives -- going to war against Iran or living within Iran that has nuclear weapons -- are extraordinary unattractive and costly alternatives. So we want to do everything we can to see whether we can come up with a solution through negotiations.

STEPHANOPOULOS: Martha, we're just about out of time, but as we are talking about Iran's nuclear program, we're also learning that North Korea may be planning another nuclear attack.

RADDATZ: Yes, there are a lot of signs. I spoke to a U.S. official there, a lot of signs that North Korea is planning another test. There are trucks in the area. But one of the baffling things is they're doing this very conspicuously. Our satellites can see it. They are aware of when our satellites are around, so they are a little baffled by this and think it must be just some sort of negotiating tactic of some sort.

STEPHANOPOULOS: One more, OK, Martha Raddatz, gentlemen, thank you all for your time.

Up next, we introduce the new leaders of No Labels. Can they break Washington's gridlock? Plus, our powerhouse roundtable on all the week's politics. We'll be back in 60 seconds.

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UNIDENTIFIED MALE: I'm voting yes.

I don't care. You shoot me dead. Just shoot me dead. I am voting yes.

UNIDENTIFIED MALE: Mr. Edwin F. Leclerc (ph).

UNIDENTIFIED MALE: No. Oh, to hell with it. Shoot me dead too. Yes.

(END VIDEO CLIP)

STEPHANOPOULOS: Scene there from "Lincoln" that earned a dozen Oscar nominations this week shows Congressman Clay Hawkins and others breaking with their party to oppose slavery, inspiration perhaps for our next guests, the new chairs of the No Labels movement, Democratic Senator Joe Manchin and former Republican presidential candidate Jon Huntsman. Thank you both for joining us this morning, gentlemen.

And Senator Manchin, let me begin with you. The motto of No Labels -- stop fighting, start fixing. Admirable goal, but what's your specific goal and how do you intend to get there?

MANCHIN: Well, George, basically Jon and I were talking about this earlier, that, you know, I've been there two years in the Senate, and I've yet to had a bipartisan meeting where it's been organized, where Republicans and Democrats in the Senate sat down and worked through their problems.

Think about just in the Senate we don't have that type of dialogue going on from Democrats and Republicans, we don't even know our colleagues over in the House. No Labels gives us that venue.

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