The US will celebrate President’s Day on Monday, February 21, and some businesses will be closed in observance of the federal holiday. Here’s everything you need to know about it.

What is President’s Day and why is it celebrated?

President’s Day is celebrated in honour of one of the founding fathers and the first President of the US, George Washington. The day was originally intended to celebrated Washington’s birthday on February 22, but was modified for practical reasons.

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In 1968, the US Congress passed the Uniform Monday Holiday Act to create a federal holiday on the third Monday of February. The Act also moved Veterans Day, Memorial Day, and Columbus Day to Mondays to give to workers in the US more three-day holidays.

After the enactment of the law, President’s Day was first observed on Monday, February 22, 1971.

What is closed, what is open on President’s Day?

Given the fact that President’s Day is a federal holiday, many schools across the US will be closed in observance of the occasion.

Along with schools, the US Postal service will be closed on Monday and will not deliver business or residential mail on February 21, 2022. The Priority Express Mail service, however, will be available, and FedEx and UPS offices will also be open.

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The New York stock exchange, NASDAQ, and bond markets will be closed on Monday along with along with most banks, including Federal Reserve Banks.

Federal government agencies and federal courts will also be closed on Monday. Further, because most states also observe President’s Day, state government agencies are also expected to be closed for the most part.

Most businesses and restaurants, meanwhile, will remain open on President’s Day as it is a holiday that is often used for sales promotions.