Michele Bachmann Drops Out of Presidential Race

After a disappointing sixth-place finish in Tuesday's Iowa caucuses, Congresswoman Michele Bachmann announced she has ended her presidential campaign.

Conservative Minnesota Congresswoman Michele Bachmann on Wednesday announced that she has ended her presidential campaign.

The news came after Bachmann finished in sixth place at Tuesday's Republican caucuses in Iowa. Mitt Romney was the winner, beating out Rick Santorum by a narrow margin of only eight votes.

Speaking before reporters and supporters in Iowa on Wednesday, Bachmann criticized “Obamacare” and vowed to continue fighting for “more liberty and less government.”

“Last night, the people of Iowa spoke with a very clear voice, and so I have decided to stand aside,” Bachmann said.

MSNBC has a video of Bachmann's speech here.

Bachmann's support climbed last year but she quickly fell from her front-runner position. During her bid for office, she lost a campaign manager, a top national aide, her entire New Hampshire staff, her Iowa state chairman to Ron Paul, and her state political director, according to a report by the Star Tribune. Read the Minneapolis newspaper's coverage of Bachmann's decision to suspend her campaign here.