Michele Bachmann has decided to suspend her presidential bid after a disappointing showing in Iowa:

Michele Bachmann ended her bid for the Republican presidential nomination Wednesday, hours after a disappointing sixth-place finish in the Iowa caucuses.

The Minnesota congresswoman suspended her campaign, a legal technicality that will allow her to continue to raise and spend campaign funds.

"Last night the people of Iowa spoke with a very clear voice and so I have decided to stand aside," Bachmann told a crowd of supporters in West Des Moines. But, she added, "I will continue fighting to defeat the president's agenda of socialism."

"It is safe to say we don't see a viable way forward," a Republican source familiar with Bachmann's campaign told CNN before the announcement. -- CNN

Rick Perry, meanwhile, who said last night he was going back to Texas to decide if he sees a way forward, promised via Twitter that he had decided to continue to South Carolina.