Rep. Michele Bachmann will reportedly announce that she's "suspending" her presidential campaign after a sixth and last place showing in the Iowa caucuses, reports The National Journal. Bachmann has scheduled a press conference for 11A ET.
Bachmann is suspending her presidential campaign, said a senior Republican official with direct knowledge of the lawmaker’s plans. The official, who spoke on condition of anonymity, said the Minnesota lawmaker, a favorite of the tea party wing of the party and a harsh critic of President Obama, realized after her sixth-place finish in Iowa’s caucuses that “there was no viable way forward.” By suspending her campaign, Bachmann is effectively dropping out.
Texas Governor Rick Perry is also said to be "reassessing" his campaign.