After a disappointing sixth-place finish in the Iowa caucuses over night, Republican presidential candidate Rep. Michele Bachmann, R-Minn., will hold a news conference at 11 a.m. EST on Wednesday, the campaign announced on Wednesday morning.
Bachmann, who won the Iowa straw poll in August, won only 5 percent of the votes in Tuesday’s caucus. After the results, she cancelled her trip to South Carolina, where she would have campaigned to win the state’s primary on Jan. 21, Fox News reported.
Bachmann insisted as recently as last night that she is the Republican "who can and who will" defeat President Obama.
"What we need is a candidate in the likeness and image of a Ronald Reagan who has the bold differences necessary to take on a Barack Obama," Bachmann told supporters. "I believe that I am that true conservative who can and who will defeat Barack Obama in 2012."