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Welcoming the Press: President Obama Holds First 2012 News Conference

In his first news conference of this year, President Obama discusses: new steps to support homeowners and their families, the situation in Iran, and NATO's transition startegy.

President Obama welcomed questions from the press Wednesday, in his first news conference of the new year, just days after the AIPAC Policy Conference and a meeting with Israeli Prime Minister Benjamin Netanyahu.

Before taking questions, the President announced a series of reformative housing steps aimed at American service members, veterans and their families.

Watch footage from the entire news conference or jump to specific questions posed by reporters: