Tea Party Bachmann Favorite Mulling a Presidential Bid in 2012

With no candidates emerging, 2012 looks to be a crowded field for Republicans:

Forget the fervent chatter speculating that Tea Party favorite Rep. Michele Bachmann is considering launching a campaign to challenge Sen. Amy Klobuchar for the Minnesota U.S. Senate seat in the next national election cycle. Think bigger.

ABC News has learned that Bachmann, R-Minn., also is seriously weighing whether to seek the Republican nomination for president in 2012.

A source close to the three-term congresswoman said Bachmann will travel to Iowa this month for multiple meetings to seek advice from political forces there and party elders close to the caucus process before coming to a final decision regarding a potential presidential run. Bachmann, a native of Waterloo, Iowa, also is set to deliver a keynote speech at an Iowans for Tax Relief PAC fundraiser Jan. 21 in Des Moines, Iowa.

Read more from John Parkinson at ABC News

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