The third Monday in February is designated as the President’s Day holiday. Originally and officially developed to honor George Washington, The Father of our Country, it branched out to include Abraham Lincoln. Currently, most Americans consider the holiday to be a celebration of all United States President’s lives.
It is a government paid holiday for all those working in the public sector as well as some in the private work force.
On financial side many sales occur during this holiday. Some schools, government entities, and businesses organize events to celebrate the holiday.
The holiday began in 1880 celebrated first in Washington D.C. Officially it became a federal holiday in 1885 under legislation called Washington Birthday, therefore, the holiday will always be officially known according to that name. Under federal government policy holidays are named according to the name of the law.