Treasury Secretary John Snow is representing the United States in two days of meetings with other members of the Group of Seven Nations -- Canada, Japan, Great Britain, Germany, France and Italy.
The G-7 meeting will wind up Saturday afternoon with a communique outlining any agreements.
Among the more contentious issues will be the sagging strength of the U.S. dollar and America's deficits.
The Europeans want a stronger dollar because a weak dollar makes European products less competitive on the global market.
The administration is aware, however, that a weak dollar helps American exports and that could help the U.S. jobless picture.
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