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Special Report: Crunch time at America's richest union

United Auto Workers convention delegates chant during a rally for good jobs and tax reform following a UAW convention in Detroit, Michigan, in this March 24, 2011 file photo. Two years after the wrenching restructuring of the U.S. auto industry and the bankruptcies that remade General Motors and Chrysler, the UAW is facing its own financial reckoning. To match Special Report REUTERS/Rebecca Cook

United Auto Workers convention delegates chant during a rally for good jobs and tax reform following a UAW convention in Detroit, Michigan, in this March 24, 2011 file photo. Two years after the wrenching restructuring of the U.S. auto industry and the bankruptcies that remade General Motors and Chrysler, the UAW is facing its own financial reckoning. To match Special Report REUTERS/Rebecca Cook

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An American flag flies in front of the United Auto Workers union logo on the front of the UAW Solidarity House in Detroit, Michigan, September 8, 2011. Two years after the wrenching restructuring of the U.S. auto industry and the bankruptcies that remade General Motors and Chrysler, the UAW is facing its own financial reckoning. Picture taken September 8, 2011. REUTERS/Rebecca Cook

An American flag flies in front of the United Auto Workers union logo on the front of the UAW Solidarity House in Detroit, Michigan, September 8, 2011. Two years after the wrenching restructuring of the U.S. auto industry and the bankruptcies that remade General Motors and Chrysler, the UAW is facing its own financial reckoning. Picture taken September 8, 2011. REUTERS/Rebecca Cook

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United Auto Workers union President Bob King (R) talks with an auto assembly worker outside the Ford Motor Co. Wayne Assembly plant in Wayne, Michigan, in this August 27, 2010 file photo. Two years after the wrenching restructuring of the U.S. auto industry and the bankruptcies that remade General Motors and Chrysler, the UAW is facing its own financial reckoning. REUTERS/Rebecca Cook

United Auto Workers union President Bob King (R) talks with an auto assembly worker outside the Ford Motor Co. Wayne Assembly plant in Wayne, Michigan, in this August 27, 2010 file photo. Two years after the wrenching restructuring of the U.S. auto industry and the bankruptcies that remade General Motors and Chrysler, the UAW is facing its own financial reckoning. REUTERS/Rebecca Cook

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Workers install parts on the new Chevrolet Cruze car as it moves along the assembly line at the General Motors Cruze assembly plant in Lordstown, Ohio, in this July 22, 2011 file photo. Two years after the wrenching restructuring of the U.S. auto industry and the bankruptcies that remade General Motors and Chrysler, the UAW is facing its own financial reckoning. REUTERS/Aaron Josefczyk/Files

Workers install parts on the new Chevrolet Cruze car as it moves along the assembly line at the General Motors Cruze assembly plant in Lordstown, Ohio, in this July 22, 2011 file photo. Two years after the wrenching restructuring of the U.S. auto industry and the bankruptcies that remade General Motors and Chrysler, the UAW is facing its own financial reckoning. REUTERS/Aaron Josefczyk/Files

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A bronze statue of a worker called "The Builder" stands in front of the Unites Auto Workers Union Solidarity House in Detroit, Michigan, September 8, 2011. Two years after the wrenching restructuring of the U.S. auto industry and the bankruptcies that remade General Motors and Chrysler, the UAW is facing its own financial reckoning. Picture taken September 8, 2011. REUTERS/Rebecca Cook

A bronze statue of a worker called "The Builder" stands in front of the Unites Auto Workers Union Solidarity House in Detroit, Michigan, September 8, 2011. Two years after the wrenching restructuring of the U.S. auto industry and the bankruptcies that remade General Motors and Chrysler, the UAW is facing its own financial reckoning. Picture taken September 8, 2011. REUTERS/Rebecca Cook

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United Auto Workers Union President Bob King (L) and Ford Motor Co Executive Chairman Bill Ford shake hands to mark the beginning of labor contract negotiations at the Rouge Center in Dearborn, Michigan, in this July 29, 2011 file photo. Two years after the wrenching restructuring of the U.S. auto industry and the bankruptcies that remade General Motors and Chrysler, the UAW is facing its own financial reckoning. REUTERS/Rebecca...more

United Auto Workers Union President Bob King (L) and Ford Motor Co Executive Chairman Bill Ford shake hands to mark the beginning of labor contract negotiations at the Rouge Center in Dearborn, Michigan, in this July 29, 2011 file photo. Two years after the wrenching restructuring of the U.S. auto industry and the bankruptcies that remade General Motors and Chrysler, the UAW is facing its own financial reckoning. REUTERS/Rebecca Cook/Files

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A painting depicting United Auto Workers union founder Walter Reuther (C) and civil rights leaders is displayed in the lobby of the UAW Walter and May Reuther Family Education Center in Onaway, Michigan, in this July 17, 2011 file photo. Two years after the wrenching restructuring of the U.S. auto industry and the bankruptcies that remade General Motors and Chrysler, the UAW is facing its own financial reckoning. REUTERS/Clare...more

A painting depicting United Auto Workers union founder Walter Reuther (C) and civil rights leaders is displayed in the lobby of the UAW Walter and May Reuther Family Education Center in Onaway, Michigan, in this July 17, 2011 file photo. Two years after the wrenching restructuring of the U.S. auto industry and the bankruptcies that remade General Motors and Chrysler, the UAW is facing its own financial reckoning. REUTERS/Clare Baldwin

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The front sign of the United Auto Workers union’s Black Lake Golf Club is seen in Onaway, Michigan, in this July 21, 2011 file photo. Two years after the wrenching restructuring of the U.S. auto industry and the bankruptcies that remade General Motors and Chrysler, the UAW is facing its own financial reckoning. REUTERS/Clare Baldwin

The front sign of the United Auto Workers union’s Black Lake Golf Club is seen in Onaway, Michigan, in this July 21, 2011 file photo. Two years after the wrenching restructuring of the U.S. auto industry and the bankruptcies that remade General Motors and Chrysler, the UAW is facing its own financial reckoning. REUTERS/Clare Baldwin

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United Auto Workers union delegates chant during a rally for good jobs and tax reform during a UAW convention in Detroit, Michigan, in this March 24, 2011 file photo. Two years after the wrenching restructuring of the U.S. auto industry and the bankruptcies that remade General Motors and Chrysler, the UAW is facing its own financial reckoning. REUTERS/Rebecca Cook

United Auto Workers union delegates chant during a rally for good jobs and tax reform during a UAW convention in Detroit, Michigan, in this March 24, 2011 file photo. Two years after the wrenching restructuring of the U.S. auto industry and the bankruptcies that remade General Motors and Chrysler, the UAW is facing its own financial reckoning. REUTERS/Rebecca Cook

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A golf cart is seen on the grounds of the United Auto Workers Union’s Black Lake Golf Club in Onaway, Michigan, in this July 21, 2011 file photo. Two years after the wrenching restructuring of the U.S. auto industry and the bankruptcies that remade General Motors and Chrysler, the UAW is facing its own financial reckoning. REUTERS/Clare Baldwin

A golf cart is seen on the grounds of the United Auto Workers Union’s Black Lake Golf Club in Onaway, Michigan, in this July 21, 2011 file photo. Two years after the wrenching restructuring of the U.S. auto industry and the bankruptcies that remade General Motors and Chrysler, the UAW is facing its own financial reckoning. REUTERS/Clare Baldwin

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