(CNN) - It's January 27th, which means the month is almost over. So the clock's ticking for Rep. Mike Pence to make an announcement regarding his political future.
The Indiana Republican says he is sticking by his timetable to announce by the end of January whether he'll make a bid for the 2012 GOP presidential nomination or run next year for governor of his home state.
"We're nearing the end of a process that we've gone through the last couple of months to seek counsel and deliberate, do more than a little bit of prayer, and we're gonna have an announcement about our intentions and our general directions sometime before the end of the month," Pence said in an interview on "The Dana Show" on 93 WIBC in Indianapolis Wednesday.
The Republican congressman from Indiana's 6th Congressional District easily won re-election in November, beating his Democratic challenger by more than a two- to-one margin.
The third ranking House Republican then announced that he would step down at the end of the year from his leadership role as Republican Conference Chairman, sparking more speculation that Pence might be gearing up for a White House bid or a run for Indiana governor.
The current governor, Republican Mitch Daniels, is term limited, and also the subject of speculation over a possible White House bid. Indiana Lt. Gov. Becky Skillman, also a Republican, announced late last month that she would not make a bid for the state's top job, increasing speculation that Pence would run for Indiana governor.
While Pence polls in the low single digits in most national surveys on a hypothetical 2012 GOP nomination match-up, he did create a lot of buzz by winning the presidential straw poll at the Values Voter Summit in September.
Earlier this month, two separate groups launched efforts to draft Pence make a bid for the White House.
If he announces for governor, a state ethics law passed last year would prevent Pence from campaigning immediately for the job. The measure prohibi
ts political fundraising by candidates for statewide office until the completion of the state legislature's session, which this year is scheduled to finish up in late April.
CNN Political Producer Peter Hamby contributed to this report
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