the clock is ticking (down)

US /ðə klɑk ɪz ˈtɪkɪŋ (daʊn)/
UK /ðə klɑk ɪz ˈtɪkɪŋ (daʊn)/
"the clock is ticking (down)" picture
1.

time is running out; there is not much time left to do something

:
We need to make a decision quickly, the clock is ticking.
With only an hour left before the deadline, the clock was ticking down for the students.