Michele Bachmann is quitting the Republican presidential race, saying she's "decided to stand aside" after her last-place finish in the Iowa caucuses.
Bachmann told a news conference she had "no regrets" and said she will continue to fight for the causes she emphasized on the campaign trail.
It has been a long, deep slide for the Minnesota congresswoman, who enjoyed a high point in her campaign when she won a Republican straw poll in Iowa several months ago.
In her statement, Bachmann said the Republican Party must not miss a "once-in-a-lifetime opportunity" to repeal both the sweeping health care law under President Barack Obama's watch and the financial regulation law known as Dodd-Frank.
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