Rep. Ron Paul (R-TX) addresses the crowd at the Tea Party Patriots American Policy Summit at the Phoenix Convention Center February 26, 2011 in Phoenix, Arizona. Paul is a likely contender for the 2012 presidential race.
Houston-area congressman Ron Paul is expected to announce his plans to make another run for the White House.
The Tea Party favorite told Fox News' Sean Hannity Monday that he plans to announce the formation of an exploratory committee for a 2012 White House bid during a speech in Des Moines, Iowa, on Tuesday.
It's an announcement about a forthcoming announcement.
Another interesting note, even if the elder statesman decides not to run for president, there still may be a Paul on the ballot. Paul's son, Sen. Rand Paul of Kentucky, is also considering a bid for the nation's top office, according to the Huffington Post.
Of course, if his dad runs, the younger Paul said he wouldn't run.
In 2008, Rep. Ron Paul finished fifth in the Iowa and New Hampshire GOP caucuses. President Barack Obama has laready announced his plans to run for re-election.