Rice dampens rumors about 2016 run

Rice was one of the top speakers at the Republican National Convention this past summer, which helped fuel rumors that the former secretary would emerge as a front-runner candidate in the 2016 presidential race. In addition to her role as a contributor to CBS News, Rice is currently serving as a senior fellow at Stanford University's Hoover Institution and a professor at Stanford's Graduate School of Business.

Rice also voiced support for comprehensive immigration reform and said it is "one of the most important issues on our agenda." She said one of the top regrets from her time in government "is that we didn't get the 2007 immigration reform bill done when we had a chance."