The story

Sen. John McCain on Tuesday proposed lifting the ban on offshore drilling as part of his plan to reduce dependence on foreign oil and help combat rising gas prices.

"The stakes are high for our citizens and for our economy," McCain, the presumed Republican nominee for president, said at a press conference Tuesday in Houston, Texas.

Hours later, White House Press Secretary Dana Perino said President Bush on Wednesday will ask Congress to lift the ban on offshore drilling. Read full article »

CNN White House Correspondent Ed Henry contributed to this report

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