- Associated Press - Wednesday, January 4, 2012

DES MOINES, Iowa (AP) — Minnesota Rep. Michele Bachmann canceled her presidential campaign trip to South Carolina on Wednesday after a dismal showing in the Iowa Republican caucuses.

Campaign manager Keith Nahigian told the Associated Press that Mrs. Bachmann planned a news conference in Iowa late Wednesday morning. He would not say whether she intends to drop out.

Mrs. Bachmann, 55, told a small group of supporters Tuesday night that she was staying in the presidential race — despite her sixth-place finish — as the only true conservative who can defeat President Obama. But her campaign is known to be low on money.

Her campaign peaked early with a first-place finish in the Iowa GOP’s summer straw poll, but by mid- to late September, polling showed Mrs. Bachmann in single digits. She focused her campaign efforts on Iowa, where she grew up.

The New Hampshire primary is the next contest in the race. But Mrs. Bachmann‘s strategy had her effectively writing off that contest Tuesday and focusing on the Southern state that, at least on paper, is a better fit for her brand of conservatism. The South Carolina primary is Jan. 21.