President Biden has issued an executive order to honor former President Carter, who died at the age of 100. Here’s what that means for businesses and employees. U.S. stock markets, federal offices, and the post office will remain closed next Thursday,

To honor Carter, a Nobel Peace Prize recipient, all federal offices will be closed on Jan. 9 in observance of the day of mourning. While various other organizations may choose to also close in honor of Carter, unlike on a federal holiday, businesses are not required to close.