The Minnesota congresswoman suspended her campaign, a legal technicality that will allow her to continue to raise and spend campaign funds.
"Last night the people of Iowa spoke with a very clear voice and so I have decided to stand aside," Bachmann told a crowd of supporters in West Des Moines. But, she added, "I will continue fighting to defeat the president's agenda of socialism."
"It is safe to say we don't see a viable way forward," a Republican source familiar with Bachmann's campaign told CNN before the announcement.
Bachmann's withdrawal is a blow to many die-hard tea party conservatives. The congresswoman, a leading populist conservative in the House of Representatives, has often led the GOP's rhetorical charge against President Barack Obama's agenda. (Continues here)
Perry tweets: 'Here we come South Carolina'
DES MOINES -- Texas Gov. Rick Perry is continuing his presidential campaign, despite a poor showing in the Iowa caucuses.
From Perry's personal Twitter account this morning:
And the next leg of the marathon is the Palmetto State...Here we come South Carolina!!!Catherine Frazier, a campaign spokeswoman, told the Associated Press that the Republican governor plans to stay in Texas for a few days before joining debates in New Hampshire and heading to South Carolina.
Perry's team confirmed his continued bid for the Republican nomination, even though the governor told Iowa supporters Tuesday night that he was going home to the Lone Star State to reassess his campaign. (Continues)