Jan. 4 - A Tea Party favorite and once considered a presidential contender - Minnesota congresswoman Michele Bachmann suspends her campaign for the Republican presidential nomination. Katharine Jackson reports.
A Tea Party favorite and once considered a presidential contender -- Michele Bachmann is calling it quits. SOUNDBITE (English) MICHELE BACHMANN, MINNESOTA CONGRESSWOMAN, SAYING: "The people of Iowa spoke with a very clear voice and so I have decided to stand aside and I believe that if we are going to repeal Obamacare, turn our country around and take back our country, we must do so united." The Minnesota congresswoman is stepping down from the race for the Republican presidential nomination -- after finishing in sixth place in the Iowa caucuses with just 5 percent of the vote. SOUNDBITE (English) MICHELE BACHMANN, MINNESOTA CONGRESSWOMAN, SAYING: "And while I will not be continuing in this race for the presidency, my faith in the Lord God Almighty, this country and our republic is unshakable." Bachmann -- popular among social conservatives and evangelicals -- shot to the top of polls in August after winning the the so-called "Straw Poll" in Iowa ....but later suffered from staff departures and fundraising troubles. Leading the pack into next week's Republican contest in New Hampshire -- former Massachusetts governor Mitt Romney, who eked out a win over former Pennsylvania Senator Rick Santorum in Iowa by a slim 8 votes. Katharine Jackson, Reuters.