Bachmann Re-Election Run Eased Presidential Campaign Debt

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File photo of U.S. Rep. Michele Bachmann. (credit: MANDEL NGAN/AFP/Getty Images)

File photo of U.S. Rep. Michele Bachmann. (credit: MANDEL NGAN/AFP/Getty Images)

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ST. PAUL, Minn. (AP) — Republican Michele Bachmann has dramatically reduced what had been a more than $1 million debt from her failed presidential run — and she has her congressional re-election effort to thank for it.

New campaign finance reports show Bachmann repaid more than $750,000 in presidential campaign debt by transferring it from her congressional account. More than $500,000 of that was shipped over between late October and late November.

Bachmann is one of the most prolific fundraisers in Congress. She narrowly won a fourth term in November over Democrat Jim Graves.

The congressional run was her second 2012 campaign. She waged a brief run for the GOP presidential nomination but dropped out after a poor showing in Iowa’s leadoff caucuses.

Her debt now stands at about $170,000.

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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