The elves are wrapping gifts, Santa’s readying his sleigh and Sen. Dick Durbin (Ill.) is counting down the days. But the Democratic whip isn’t necessarily waiting for Christmas — he’s coined a new term for a not-so-jolly occasion: “Cliffmas.”

In a Tuesday speech, Durbin explained, “Twenty-one days until Christmas, 27 days until Cliffmas. That’s the fiscal cliff, Dec. 31.”

He added, “Two-thirds of Americans are watching this debate on Capitol Hill because it affects every single family, every individual.”

No telling if “Cliffmas” will catch on this holiday season.