Minn.'s Bachmann re-election campaign helped her significantly reduce presidential bid debts

  • Article by: Associated Press
  • Updated: December 7, 2012 - 8:58 AM
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Michele Bachmann visited with sixth district constituents in Keys Cafe & Bakery in Forest Lake, Thursday, September 27, 2012

Photo: Glen Stubbe, Star Tribune

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ST. PAUL, Minn. - Republican Michele Bachmann has dramatically reduced what had been a more than $1 million debt from her failed presidential run -- and she has her congressional re-election effort to thank for it.

New campaign finance reports show Bachmann repaid more than $750,000 in presidential campaign debt by transferring it from her congressional account. More than $500,000 of that was shipped over between late October and late November.

Bachmann is one of the most prolific fundraisers in Congress. She narrowly won a fourth term in November over Democrat Jim Graves.

The congressional run was her second 2012 campaign. She waged a brief run for the GOP presidential nomination but dropped out after a poor showing in Iowa's leadoff caucuses.

Her debt now stands at about $170,000.

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