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Bachmann presidential campaign ends in the red

Michele Bachmann's presidential campaign is more than $1 million in debt, according to a Federal Election Commission filing.

The campaign raised more than $1.7 million and spent more than $2.6 million between October and December. Bachmann's campaign ended with $1.05 million in outstanding debt, and nearly $615,000 in cash-on-hand between her main presidential campaign committee and a secondary authorized committee.

Bachmann dropped out of the presidential race on Jan. 4 after a 6th place finish in the Iowa caucuses. Last week, she announced that she will seek re-election to her U.S. House seat. Contributions and debt are transferable between presidential and congressional campaigns, meaning Bachmann will start her re-election bid nearly $450,000 in the red.

In total, Bachmann raised $10.1 million from 24,825 contributors during her presidential runn.

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