Minnesota Rep. Michele Bachmann formally announced her candidacy for the 2012 Republican presidential nomination Monday during an appearance in Waterloo, Iowa, a city where she was born. Stay tuned for developments in this breaking story.
The announcement comes a day after Fox anchor Chris Wallace apologized to her for asking Bachmann whether she is a "flake" on Fox News Sunday.
Wallace wrote on his website: "A lot of you were more than perturbed, you were upset and felt that I had been rude to her. And since in the end it's really all about the answers and not about the questions, I messed up, I'm sorry. I didn't mean any disrespect."
When asked on ABC about the newsman's apology, Bachmann said it is "insulting to insinuate that a candidate for president is less than serious."