ABC News says U.S. Rep. Michelle Bachmann is considering running for president and will confer this month with GOP officials in Iowa about her prospects in that early caucus state.

Citing an unnamed "source close to the three-term congresswoman," the network said in a report Wednesday that Bachmann will hold "multiple meetings to seek advice from political forces there and party elders close to the caucus process before coming to a final decision regarding a potential presidential run."