Obama Unveils New Housing Plan

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President Obama will introduce a new mortgage relief plan Tuesday, aimed at helping members of the military and homeowners refinance government-insured loans lower interest rates.

Obama's plan would save the average homeowner more than $1,000 a year. The plan is the latest White House effort to try to help the housing industry after it collapsed a few years ago.

Tuesday's news conference will be the president's first since November. White House aides happened to schedule it on Super Tuesday, when 10 states are holding primaries.

The aides insist the timing is a coincidence, but it does follow a pattern of the president seeking attention when the spotlight is on Republicans.

Obama will probably face questions from reporters about the U.S. economy, including rising gasoline prices, unemployment, Iran's nuclear ambitions, and the continuing conflict in Syria.

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