Rep. Michele Bachmann, R-Minn., raised a combined total of $2.2 million in the first quarter of 2011, outgaining presumed presidential contender Mitt Romney who raised $1.9 million over the same period. Bachmann’s political action committee, MichelePAC, raised $500,000 while her Congressional reelection fund took in $1.7 million. The funds raised for her Congressional reelection could be transferred to any federal campaign, including one for president. – Fox News

Well, this is embarrassing.

Rachel Weiner does the math differently than Fox News, but comes out basically in the same place.

No wonder Mitt just announced he’s going on a fundraising blitz in April.

Romney’s likely to sit out Iowa, which is Bachmann’s home base and could be hers to win unless Mike Huckabee makes a move. Palin’s been losing steam for quite some time, but if she revved up she could still be formidable.