Apedia

Work Wire Minute Deadline Note Expression Horse Racing

Idiom (to) work down to the wire
Meaning
to work until the last minute; to work until just before the deadline

note: This expression comes from horse racing. In the 19th century, American racetracks placed wire across the track above the finish line. The wire helped determine which horse's nose crossed the line first. If a race was "down to the wire," it was a very close race, undecided until the very last second.
Example
The investment bankers need to turn in their report at 9 a.m. tomorrow morning, and they've still got many hours of work left on it. They're going to be working down to the wire.

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