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Why is Presidents' Day celebrated on the third Monday in February?

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While Washington's Birthday is actually on 22 February, the 1968 federal law called the Uniform Monday Holidays Act moved the observance to the 3rd Monday in February -- meaning the observation would never actually land on Washington's Birthday. Interesting, the official holiday at the federal level is still called "Washington's Birthday." "Presidents' Day" is a title given to it by some of the states.
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