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According to Title 5 of the US Code, neither Congress or the President has the authority to declare a holiday that must be enforced by the states - Federal holidays are only applicable to Federal employees and the District of Columbia.

Each state chooses which holidays it will recognize.

Anybody may make suggestions regarding public holidays. The first holidays (declared in 1870) were done so at the urging of "an association of bankers and businessmen" in D.C.

The President can suggest it but Congress has to approve.

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Q: Who can declare a national holiday?
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