Texas Congressman Ron Paul plans to announce on Tuesday in Iowa that he is forming a presidential exploratory committee.Read the rest here.
Drew Ivers, Paul's 2008 Iowa caucus campaign manager, said the Republican congressman will announce his plans Tuesday afternoon at Des Moines hotel.
Paul also will name an Iowa campaign team at the event, Ivers said.
Paul, 75, finished fifth in the 2008 caucuses and has visited Iowa seven times since. He headlined an event in Sioux Center two weeks ago for a social conservative group, and he spoke at a rally for Christian home-school advocates at the Iowa Capitol in Des Moines last month.
Paul is a favorite among libertarians and enjoys strong backing by many tea party supporters.