Chris Christie Reportedly Won't Run for President

NEW YORK ( TheStreet) -- New Jersey Gov. Chris Christie added a last-minute 1 p.m. press conference to his schedule Tuesday at which he is expected to announce he doesn't intend to run for president in 2012 , according to reports .

Rumors have swelled around Christie as influential donors reportedly have called on the popular Republican to run in a GOP nomination field that could have trouble selecting a candidate to seriously challenge President Barack Obama in the general election.

Sources told Politico that Christie had started to let people know that he wouldn't run, "with a truncated window."

Obama slammed Bank of America for its $5 debit card fee and said that it was an example of why the U.S. needed a consumer finance protection bureau.

"My hope is is that you're going to see a bunch of -- the banks, who say to themselves, 'You know what? This is actually not good business practice,'" Obama told ABC News.

Obama said that he hoped banks would discover that fees like Bank of America's were bad business practices, and that they could make money the "old-fashioned" way by lending to small businesses and consumers.

Rep. Michele Bachmann (R., Minn.) is expected to lose her pollster and senior adviser in October as the congresswoman's campaign has continued to sink behind frontrunners Texas Gov. Rick Perry and former Massachusetts Gov. Mitt Romney.

"Given the changing caucus and primary schedule, we will not be utilizing full-time polling consultants and (will) concentrate heavily on retail politics in Iowa," said Alice Stewart, Bachmann spokeswoman, according to The Associated Press.

-- Written by Joe Deaux in New York.

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