U.S. Rep. Michele Bachmann (R-MN) plans to form a presidential exploratory committee by June, CNN reports today.

Citing an unnamed source, CNN said Bachmann may decide to start her bid earlier so she can participate in the early Republican debates.

Bachmann, a Tea Party favorite, has made stops in early primary states this year, but has been vague about her White House ambitions until now.

The Minnesota Republican reportedly hopes to have an Iowa team in place by this weekend and will likely hire Republican state Sen.Ken Sorenson, a prominent Iowa Tea Party leader, to run her campaign there.