UPDATED VIDEO: Paul Ryan Talks 2012 Presidential Election on MEET THE PRESS

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Former Vice Presidential nominee, Paul Ryan, appeared on NBC's MEET THE PRESS this morning to speak with David Gregory. In the clip below, Ryan comments on Romney's loss, and what the GOP must do if it ever hopes to win another election. Check it out below!

"Meet the Press" is America's most-watched and No. 1 Sunday morning public affairs broadcast. Every Sunday morning for 62 years, millions of Americans tune in to get answers from U.S. and world leaders, and hear analysis, discussion and review of the week's political events from noted journalists and experts. Acclaimed by conservatives and liberals, newsmakers and television critics, "Meet the Press" consistently makes Monday morning headlines and has become the most quoted television program in the world.

David Gregory was named moderator of "Meet the Press" on December 7, 2008. He is only the tenth person ever to be a permanent host of the program. He assumed the role from veteran NBC newsman Tom Brokaw, who had served as interim moderator after the untimely death of Tim Russert on June 13, 2008.

Established as a half-hour program, "Meet the Press" expanded to one hour on September 20, 1992. The current format consists of one to three interview segments featuring guests and newsmakers of national and international importance, often followed by today's leading journalists and NBC News' correspondents engaging in a roundtable discussion.

"Meet the Press" is the longest-running program on network television, having made its NBC-TV debut on November 6, 1947. It premiered two years earlier as a radio program with Lawrence E. Spivak, one of the pioneers in broadcasting, as producer and regular panelist. (He retired from the program 30 years later, in November 1975.) With a landmark edition on February 2, 1997, "Meet the Press" continued its tradition of broadcast leadership by becoming the first network television program to broadcast live in digital high-definition.

"Meet the Press" originates from the NBC Studios in Washington, D.C. When events dictate, however, the program travels to the scenes of major news events. These locales have included East Berlin, London, the Atlanta & Beijing Olympics, and the sites of presidential primaries, Democratic and Republican national conventions and international summit meetings.

President John F. Kennedy once called "Meet the Press" the "fifty-first state." Since then, every man who has occupied the Oval Office has appeared on the program during his career. On February 8, 2004, Tim Russert conducted an exclusive, hour-long interview with President George W. Bush from the Oval Office. It was his first Sunday morning interview since becoming president. Every vice president since Alben Barkley in 1952, every secretary of state from John Foster Dulles to Condoleezza Rice, and every secretary of defense from Robert McNamara to Donald Rumsfeld (both times around!) have appeared on the program.

Betsy Fischer is the executive producer, Adam Verdugo is the senior producer, Chris Donovan and Ilana Marcus Drimmer are producers of "Meet the Press."