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Michele Bachmann: 'I have decided to stand aside'

Michele Bachmann at a press conference this morning said she's dropping out of the race for the White House. The announcement comes after a disappointing sixth-place finish in the Iowa Caucuses on Tuesday night.
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Michele Bachmann on Wednesday morning announced she's leaving the race for president. The announcement came after a disappointing sixth-place finish in the Iowa Caucuses on Tuesday night.

In her speech, Bachmann repeatedly bashed "Obamacare" and urged the Republican Party to work to repeal both that law and the Dodd-Frank financial regulations. NPR has details. (You can watch the full press conference right here, courtesy of the UpTake.)

So what's next for Bachmann? Minnesota Public Radio takes a look at that question. Among the possibilities: Run for Senate against popular DFLer Amy Klobuchar, run for re-election in the House or land a media gig to capitalize on her star power.

Smart Politics says Bachmann fell further than any previous winner of the Ames Iowa straw poll, which raises the question: Why?

The Christian Science Monitor takes a look at what happened: Some big mistakes, the defections of high-profile staffers who then turned around and jabbed her, and a failure to capture the support of conservative women.

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Michele Bachmann has reportedly scheduled a press conference in Iowa this morning amid rumors that she'll drop out of the race following a disappointing 6th-place showing in the Iowa Caucuses last night. The AP reports she has also canceled a trip to South Carolina. She told supporters after the caucus results that she would continue her campaign.