Michele Bachmann Won't Run for Re-Election

One of the founding members of the Tea Party Caucus announces she will retire from congress.
1:31 | 05/29/13

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Transcript for Michele Bachmann Won't Run for Re-Election
That surprise out of washington. Michele bachmann who ran for president in 2008 announced overnight she will retire from congress next year and in the video she denied she was backing down from a tough race. Be assured my decision was not in any way influenced by any concerns about my being re-elected to congress and i have every confidence that if i ran, I would again defeat the individual who I defeated last year. Et's bring in jon karl for more. Jon, this decision takes away a big target for democrats. Reporter: That's right, george. For some democrats michele bachmann was target number one, the most high-profile and controversial leader of the tea party in the congress. She founded the tea party caucus and if you remember when she ran for president for a brief moment she could even claim to be something of a front-runner becoming the first woman to win the iowa straw poll. But bachmann barely won re-election just by aingle percentage point and could be a tougher fight. She faces multiple campaign finance allegations that she improperly paid an iowa state senator. She denied that had anything to do with it and said her future is limitless. Maybe another presidential run. Reporter: She sure didn't rule it out in that statement and she seems to imply that it is absolutely something she is going to consider but, george, hard to predict michele bachmann. You know, just a few weeks ago she was running television ads for her congressional re-election campaign so who knows what she does next. A big war chest. Jon, thanks very much.

This transcript has been automatically generated and may not be 100% accurate.

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