Are Michele Bachmann and Rick Perry out of the GOP race?

In a new television ad airing in Iowa, Michele Bachmann's campaign compares the Minnesota congresswoman to former British Prime Minister Margaret Thatcher. With a graphic describing the Republican presidential

Michelle Bachmann, R-Minn., greets people before the start of the Blackhawk County Republican Caucus at the UNI Dome Tuesday night. (Justin Hayworth/The Des Moines Register) By Matt Woolbright / for the Register Cedar Falls, Ia – Minnesota

Michele Bachmann will “suspend her campaign” a senior campaign officials tells ABC News, just hours after placing last in the Iowa caucuses and vowing to continue in South Carolina. Iowa has played a visible and vital role in Bachmann's campaign since

Michele Bachmann canceled a campaign trip to South Carolina. Gov. Rick Perry is back in Texas. By Kasie Hunt and Philip Elliott, Associated Press / January 4, 2012 Rep. Michele Bachmann, (R) of Minn., addresses supporters at her caucus party in West

When asked if she would drop out of the Republican presidential race, Michele Bachmann said before last night's Iowa vote that she had her plane ticket for South Carolina ready. Rick Perry was going to South Carolina, too.