UPDATE: Michele Bachmann announced Wednesday that she has abandoned her campaign for the Republican presidential nomination. Earlier, it was reported that Bachmann canceled her upcoming South Carolina trip.
PREVIOUSLY: Michele Bachmann will hold a press conference at 10 a.m. CST in Des Moines on Wednesday, her spokeswoman, Alice Stewart, confirms to the Huffington Post.
Reports have surfaced that the congresswoman has canceled her campaign trip to South Carolina, which could mean the end of her candidacy, but her SC spokesman told the Spring Valley Patch Wednesday morning that he has not been informed of any changes to her schedule.
Bachmann finished a disappointing sixth at the Iowa caucuses Tuesday night. Her former campaign manager, Ed Rollins, called for her to drop out of the race, and Sarah Palin said she did not "see a way to progress" for Bachmann.
This is a developing story... Check back for updates.