Bachmann raises $550,000 in first quarter

WASHINGTON - After dropping out of the race for the Republican presidential nomination in early January with her campaign in deep in debt, 6th District Congresswoman Michele Bachmann raised more than $550,000 toward her re-election effort in the first quarter of the year, the campaign reported Friday.

After exiting the presidential race, Bachmann announced on Jan. 25th that she would run again for her 6th District seat.

The campaign also says the three-term legislator has almost $650,000 in the bank. A glance at Bachmann's campaign finance reports from the same period in 2010 shows that she raised nearly $820,000 and had more than $1.5 million in her war chest.

"This is highly encouraging - nearly 600 thousand raised in under sixty days," said campaign manager Chase Kroll in a statement. "That puts us on a very strong trajectory."

One of Bachmann's DFL rivals, hotel owner Jim Graves, reported lending his campaign $100,000 and receiving an additional $1,026 in contributions. Graves entered the race this week.

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