Inauguration Day and Martin Luther King Jr. Day collide Monday in a rare occurrence. The big picture: Stock markets, banks, many schools and the U.S. Postal Service are closed for the federal holiday,

Federal and state offices, banks, as well as postal and trash services will be closed or suspended Monday. Here’s what else you should know.

It was first proposed four days after King's 1968 assassination outside a Memphis motel. It took 15 years until it became a federal holiday.