CBS NEWS: WEST DES MOINES, Iowa -- In the wake of a disappointing finish in Tuesday's Iowa caucuses, Rep. Michele Bachmann announced Wednesday that she is suspending her campaign for president.
"Last night, the people of Iowa spoke with a very clear voice, and so I have decided to stand aside," she said at a hastily-arranged news conference here.
"I have no regrets," she added. "None whatsoever. We never compromised our principles." She said she "looks forward to the next chapter in God's plan."
Bachmann did not endorse another candidate.
Bachmann, a third-term Minnesota congressman and the founder of the Tea Party caucus in the House, won the support of just five percent of Iowa Republican caucus-goers Tuesday. She finished in sixth place in the caucuses, which was essentially last place among the major contenders, since Jon Huntsman did not contest the state. » | Brian Montopoli | Wednesday, January 04, 2012
